Agenda - Council - 12/13/1988 - Laserfiche WebLink

Home

SAMPLE AGREEMENT THREE YEAR AGEMT'S INSURANCE SERVICE AGREEMEMT (Make any changes you may require) This agreement made , between the City of Ramsey, herein after referred to as "CLIENT", and Insurance Agents, Brokers, and Risk Management Advisors, hereinafter referred to as "A"; "Client" agrees to engage the services of "A: as Insurance Servicing Agent of Record with respect to all Insurance of "CLIENT" within the scope of Professional Liability, Fire, Worker's Compensation, Casualty and Marine Insurance, and Fidelity and Surety Bonds, hereinafter referred to collectively as "Insurance", subject to the following items and conditions: I. Term of A~reement This agreement shall take effect on ~ and shall continue and remain in effect for a period cf thr~ (3) years, unl~s it is te=~inated ~ ~ p~_o_ to the ..~-~ day of~ , by either party giving the other ninety (90) days prior written notice cf ter~in~tion. il. Acencv Representation It is agreed that, with respect to all sea-vices to be perfo_-m~ed under this agreement, "A" shall =t all tines and in all circumstances be the Insurance representative of "CL!E~T" and shall use its best efforts to ascertain and understand the risks and the Insurance needs of "CLIENT" and, in all such matters, to act as though "CLIENTS" interest were its own. "A" shall also act in the capacity of Insurance Broker or Insurance Agent to negotiate, place, se~ice and receive com~,ission (if any) on all or any part of the Insurance purchased by "CLIENT" unless use of another agent cr broker is authorized by the Client. "A" shall be under the duty to fully disclose to personnel authorized by "CLIENT" any and all cor~issions, received or payable and any possible conflict of interest relating to "A" representation cf any 13