Many of these companies have created the new position of Individual Compliance Officer by monitoring all sales materials and ensuring compliance with rules and ethics. Who is responsible for controlling all sales materials and ensuring compliance with rules and ethics. Barbara Bowers, “Higher Profile: Compliance Officers have experienced Elevated Status within their Companies Since the Emergence of the Insurance Marketplace Standards Association,” Best`s Review, Oktober 2001, www3.ambest.com/Frames/FrameServer.asp?AltSrc=23&Tab=1&Site=bestreview&refnum=13888 (available March 7, 2009); and “Insurance Exec Points to Need For Strong Ethical Standards,” National Underwriter Online News Service, May 19, 2005. In the meantime, states have focused on changing and strengthening market behaviour rules. In Box Note 9.19 “Application of code – ethics officers,” you will find a review of insurers` ethical efforts and ethical debate issues. In the end, the insurer can make the agent liable for such acts, but as far as the insured is concerned, the insurer cannot deny liability. “The annoying problem of the disappearance of premiums has become a costly lesson for insurance companies on the doctrine of the Superior Respondeat a Latin phrase that refers to the doctrine that the master is responsible for the acts his servant performs during duty.” Lance A. Harke and Jeffrey A. Sudduth, “Declaration of Independents: Proper Structuring of Contracts with Independent Agents Can Reduce Insurer s Potential Liability,” Best`s Review, February 2001. Neither insurers nor regulators consider an agency relationship to be an independent counterparty relationship. If the representative represents a company without arbitration in its agency agreement, the company should ask the company to notify in writing its dispute resolution procedures. A. The parties agree that the amendments to this agreement, including the amendments to the commissions, will be mutually agreed, supported by a written agreement signed by both parties, and each party also undertakes to negotiate in good faith with the other party the continuation of these amendments and amendments.
The internal relationship with the agency may be broken by mutual agreement. In accordance with Sections 201 to 210 of the Indian Contract Act 1872, an agency may terminate in a number of ways: the financial or commercial risk is crucial to the definition of an agency agreement for the application of Article 101, which the agent assumes with respect to the activities for which he has been appointed as an agent by the adjudicator authority (see judgments T-325/01, 15 September 2005, Daimler Chrysler/Commission; Case C-217/05, 14 December 2006, Confederacion Espanola de Empresarios de Estaciones de Servicio/Cepsa and Case C-279/06, 11 September 2008, CEPSA Estaciones de Servicio SA v. LV Tobar e Hijos.SL. In this regard, it is not essential for the assessment to know whether the agent is acting for one or more large obligations.