Legal Flashcards
MDF
Marketing Development Fund- carriers provide us with a set lump sum of money to perform marketing for them.
SOW
Statement of Work- based on a campaign for a set period of time.
Contains (generally)
1.0 Introduction
2.0 Scope of Services
3.0 Project Team
4.0 Financial Arrangements and Pricing
5.0 Term and Termination
6.0 Project Manager
7.0 Service Level Agreement
8.0 Responses to Failure to Deliver Services and/or Deliverables
9.0 Change Order Process/ Procedures
10.0 Key Personnel
terminate without cause
without good reason as long as the reason is not illegal
in accordance with
in agreement with
provision
a stipulation/condition within a legal document
herein
in this document
Producer
is a licensed insurance agent or broker who is knowledgeable and experienced in the marketing of health insurance products including Medicare Advantage plans and Medicare Part D prescription drug plans to eligible Medicare beneficiaries.
sole discretion
able without permission
indemnity
contractual obligation of one party to compensate for the harm or loss incurred by another party due to the relevant acts of the indemnitor
arbitration
procedure to make a binding decision to settle a dispute
additional insured
coverage for a third party working with the policyholder
XC
indicates that it must be signed by all parties
CPL Agreement
Contains:
1.0 Services
2.0 Scope (Must comply with all requirements to be considered a valid lead)
3.0 Term & Termination
4.0 Additional Vendor Obligations/Marketing Requirements
5.0 Representations and Warranties
6.0 Limitations of Liability/Indemnification
7.0 Confidentiality
8.0 Compliance
9.0 Vendor’s Insurance
10.0 General Provisions
exhibit
Done on a per type of lead basis
(F)(C)
final, clean, unprotected and unlocked
PROT
protected and locked
strict liability
when the defendant is liable for committing an action regardless of intent or defendant’s mental state when committing said action
private right of action
a private person’s ability to legally enforce their rights upon another person or organization