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Insurance Sales Agent Employment Contract

Document Type
DOCX
Pages
5
Price: KES 150
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Document Overview

An Insurance Sales Agent Employment Contract is a legally binding agreement between an insurance company, insurance broker, or insurance agency (the employer) and an individual hired to sell insurance products (the employee — Sales Agent).

Here are the properly numbered, fully detailed components:
1. Parties to the Agreement
2. Appointment and Job Title
3. Commencement Date
4. Probation Period
5. Job Description and Key Responsibilities
6. Place of Work
7. Working Hours
8. Remuneration
9. Allowances and Benefits
10. Leave Entitlements
11. Confidentiality and Non-Disclosure
12. Conflict of Interest and Ethical Obligations
13. Performance Evaluation
14. Disciplinary Procedures
15. Termination of Employment
16. Retirement
17. Governing Law
18. Entire Agreement and Amendments
19. Signatures and Witnesses

The main purposes of this contract are:
1. To legally define the employment relationship.
2. To set clear sales targets, duties, and job expectations.
3. To protect the employer’s financial, legal, and reputational interests.
4. To ensure compliance with Kenyan labor law (Employment Act, 2007), Insurance Act (Cap 487), IRA Code of Conduct, Data Protection Act (2019), and AML regulations.
5. To regulate commissions, bonuses, benefits, and payment structures transparently.
6. To safeguard customer data and company intellectual property.
7. To set out rules for performance appraisal, discipline, and termination procedures.
8. To promote ethical sales practices and professional conduct.

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