Orange County NC Website
incentives from insurers, if any, including contingent commissions, market <br />service agreements (MSA), volume-based commission incentives and <br />rebates on business placed on behalf of CLIENT within the SCOPE OF <br />SERVICES of this AGREEMENT. The parties acknowledge that <br />ALLIANT producers who solicit, negotiate, or place insurance products, or <br />services for clients, including CLIENT, do not negotiate indirect income <br />agreements with the carriers, nor do they receive any portion of the indirect <br />income paid to ALLIANT. Nonetheless, the client may opt-out of having <br />its premiums included in the calculation of indirect income by accessing the <br />“opt-out” form from the link on Alliant’s website: <br />http://www.alliant.com/Legal-Notices/Pages/Disclosure-Policy.aspx. The <br />“opt out” provision applies only to those accounts served directly by <br />ALLIANT as a retail agent or broker. It does not apply to account <br />placements for which ALLIANT’s role is that of a wholesaler, MGA, or <br />program administrator working with non-ALLIANT brokers who represent <br />the client. The parties acknowledge that indirect income, if any, is <br />determined by insurance carriers, and if the CLIENT does not opt-out, it <br />remains the carriers’ exclusive decision to include or exclude certain <br />premiums in any calculation. The availability of information regarding the <br />make-up of any indirect income payment is at the carrier’s discretion. <br />D. Premium Financing. Upon CLIENT’S request, ALLIANT may provide <br />CLIENT with assistance in obtaining a premium finance agreement with <br />third party financing company. In some cases, the financing company may <br />pay ALLIANT a fee for the placements facilitated by ALLIANT. <br />VII. PERSONNEL. <br />ALLIANT agrees KEY PERSONNEL as listed in Addendum B will be <br />responsible for performance of the SERVICES described herein. Should such <br />personnel become unavailable to perform SERVICES for CLIENT, ALLIANT <br />agrees to replace, as soon as practicable but not to exceed 30 days, such personnel <br />with individual(s) of comparable skills and experience as determined by <br />ALLIANT’S evaluation and subject to CLIENT’S right of reasonable refusal. <br />VIII. OBLIGATIONS OF CLIENT. <br /> <br />CLIENT will cooperate with ALLIANT in the performance of ALLIANT’S duties <br />by providing complete and accurate information as to CLIENT’S loss experience, <br />risk exposures, and any other pertinent information that ALLIANT requests. <br />CLIENT shall promptly review coverage documents concerning the PROGRAMS <br />delivered by ALLIANT for consistency with CLIENT’S specifications. In addition, <br />CLIENT shall have the responsibility to keep record of and immediately report <br />significant changes in exposures, loss-related data, and/or any other material <br />changes to ALLIANT. This reporting must be memorialized in writing and <br />delivered to ALLIANT in accordance with the notice provisions below. <br />Docusign Envelope ID: 900D8F9B-814C-40AE-852C-9F135EC6ECAE