State Farm Agent Agreement

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The case involved three types of agreements entered into by State Farm with independent insurance agents and their employees: (1) agent agreement, (2) office worker contract, and (3) license agreement. Although the agents put in place a provision of the LSA that allowed State Farm to report at any time and for any reason the appointments of agents as an “authorized representative of State Farm,” the court stated that “State Farm shall not use this provision to obtain through the back door what it cannot do through the front doors of the trade secret and trade secret rules. non-life in the A. In a statement Friday, State Farm said it was reviewing and evaluating the complaint. Extensive programs to protect proprietary information can reduce the risk of a company losing control of its trade secrets. Office Worker Agreement – Over time, agents began hiring state-licensed insurance agents to support them. State Farm, the agents and the staff of the agents have entered into office employee agreements (“EC agreements”). These agreements delegate to the staff of the in-office binding authority concerning certain property and liability insurance and the power to accept applications for personal life and health insurance coverage. The EC agreements established that it was the agents, not State Farm, who were the employers. The EC agreements did not contain trade secrets or prohibitions on debauchery. Agent compensation is really a cap – the harder you work and the more business (and the more volume you write in ALL industries) you write – the more you`ll earn…