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... to adjustment in the event of cancellation for nonpayment of premium or other event requiring payment of a return commission. In the event a policy shall be written for a term in excess of one year with premiums paid on an annual or other periodic basis, each annual anniversary of the effective date shall be deemed an effective date. Monthly or other periodic installment billings of premiums shall be deemed to relate back to the effective date of the policy. In the case of commissions received from insurance companies on account of so-called direct-bill business, ... a producer of insurance business, and the Agency desires to have the Producer associated with it in such capacity upon the terms and conditions hereinafter set forth; NOW, THEREFORE, in consideration of, and reliance upon, the mutual covenants and agreements herein contained, the parties hereby agree as follows: W I T N E S S E T H : 1. Definitions. For the purposes of this Agreement, unless the context indicates to the contrary, the following words and phrases shall be defined as follows: a. The ... , [State] (hereinafter the Producer') . WHEREAS, the Producer is licensed by the [State] as an insurance broker with authority to sell all lines of insurance, including property, casualty and life insurance, and WHEREAS, the Agency conducts a general insurance agency business duly licensed as such by the [State], and WHEREAS, the Producer desires to be associated with the Agency as a producer of insurance business, and the Agency desires to have the Producer associated with it in such capacity upon the terms ...

...her periodic basis, each annual anniversary of the effective date shall be dee...event or restrict the right of either party to seek to enforce the provisions ...

...an one year, the annual premium anniversary date shall be deemed an inception ...olicy No. LP7106067, with limits of liability of not less than $2.5 million pe...