The Big “I" Office of General Counsel recently consulted with Foremost Insurance Company on its updated Agency Agreement, which was released in September.
The Big “I" thanks and commends Foremost for seeking input from the association and considering our suggested revisions before releasing the updated agreement. Foremost agreed to make several positive revisions to the agreement, including clarifications to agents' indemnification and confidentiality obligations.
"We really appreciate the spirit of collaboration and the guidance provided by the Big 'I' to ensure we have a contract that works well for independent agents," says Bob Sadler, senior vice president, Foremost Insurance Group.
As with past reviews, this one focuses on insurance-related provisions and issues, and is intended to assist members with reviewing and understanding the terms of the contract.
The Big “I" is pleased to make this and other company contract reviews available as a free member benefit. To access a copy of the review, log in to the Big “I" website, hover over the Big “I" Resources tab and select Contract Review under Legal Advocacy. The review is titled, “Foremost Insurance Company Agency Agreement 09/18 – Reviewed November 2018."
If you have any questions, contact Scott Kneeland or Eric Lipton.