A broker is an agent who bargains and/or conducts negotiations for and on behalf of his or her principal as an intermediary between the principal and third persons in the acquisition of contractual rights. Such a broker normally receives a commission or brokerage fee for his or her services. While a broker's primary contractual duty is to procure prospects and negotiate with them on behalf of his or her principal, it is not uncommon for the broker to assume an advisory relationship to clients who are not knowledgeable in the types of contracts involved in the negotiations.
North Carolina Exclusive Agreement Between Employer and Broker to Secure Group Insurance
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How to fill out Exclusive Agreement Between Employer And Broker To Secure Group Insurance?
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FAQ
Master policy ? a single contract for a group medical insurance issue to the employer is known as a master policy.
However, your employer or organization will be the policyholder. Although group life insurance is most commonly offered by employers, you may qualify for a policy through your membership in a professional organization or even a credit union.
WHAT IS A PSYCHOLOGICAL CONTRACT? Psychological contracts form the foundation of trust and engagement within organisations. While formal contracts lay out the terms and conditions of employment, psychological contracts delve into the realm of unspoken expectations, beliefs, and mutual commitments.
EMPLOYMENT AGREEMENT. This agreement lays down the terms of employment, agreed upon by the employer and employee. Whether stated explicitly in the agreement or not, both the employee and the employer have the duty of mutual confidence and trust, and to make only lawful and reasonable demands on each other.
A mutual separation contract is an agreement between an employer and an employee. It sets out the term of an amicable separation. Employees agree not to undertake future legal or disciplinary action after their position is terminated, usually in exchange for a severance package.
A typical employment contract contains details such as the start and end dates of employment, compensation, job duties, and other expectations of both the employer and the employee.