Producer (AG4) Contract SL.pdf


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MASTER AGENT/BROKER AGREEMENT
FOR
COVENTRY MEDICARE PRODUCTS
THIS MASTER AGENT/BROKER AGREEMENT (this “Agreement”) is made as of the date set forth in the
Participating Agent Addendum, attached hereto, by and among Coventry Health and Life Insurance Company, on
behalf of itself and its affiliates (collectively, “Coventry”), and the individual agent, broker, producer or agency
that has executed the Participating Agent Addendum attached hereto. (The agent, broker, producer or agency
undersigned hereto is hereinafter collectively referred to as “Agent”; provided, if the undersigned employs or
contracts with Downline Agents, then “Agent” shall mean the upline agent or agency, as applicable and if the
undersigned is an individual who does not contract or employ Downline Agents, then “Agent” shall mean (i) a
Direct Agent or (ii) an Independently Contracted Agent, as applicable.)
RECITALS
WHEREAS, Coventry offers Medicare Advantage plans, Medicare Part D plans and certain other Medicare
products as set forth in Exhibit 3;
WHEREAS, Coventry and Agent desire to enter into this Agreement, whereby, among other things, Agent shall
present Medicare Products (as defined below) to Medicare eligible individuals in return for compensation paid by
Coventry.
NOW THEREFORE, in consideration of the mutual covenants herein contained and intending to be legally
bound hereby, the parties hereto agree as follows:
1.

DEFINITIONS
1.1

Direct Agent: means, (i) for purposes of Sales, any licensed insurance agent or broker of any
state or territory that (a) has been recruited by Coventry, (b) is entering into this Agreement with
Coventry to participate in the Sale of Medicare Products, and (c) has successfully completed the
training and Coventry’s agent exam certification process related to Selling Medicare Products,
and (ii) for purposes of Referrals, any licensed insurance agent or broker of any state or territory
that (a) has been recruited by Coventry and (b) is entering into this Agreement with Coventry to
participate in the Referral of Medicare Products.

1.2

Independently Contracted Agent: means (i) for purposes of Sales, any licensed insurance
agent or broker of any state or territory that (a) has been recruited by an agency or another agent
contracted with Coventry, (b) has entered into an agreement with such agency or other agent to
participate in the Sale of Medicare Products, and (c) has successfully completed the training and
Coventry’s agent exam certification process related to Selling Medicare Products, and (ii) for
purposes of Referrals, any licensed insurance agent or broker of any state or territory that (a) has
been recruited by an agency or another agent contracted with Coventry and (b) has entered into
an agreement with such agency or other agent to participate in the Referral of Medicare
Products.

1.3

CMS: means the Centers for Medicare and Medicaid Services, the agency within the
Department of Health and Human Services that administers the Medicare program.

Coventry –Master Agent Contract (2014)