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BROKERAGE AGREEMENT & SITE LICENSE

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GENERAL INFORMATION

BROKERAGE AGREEMENT & SITE LICENSE

THIS AGREEMENT IS ENTERED IN THE STATE OF CALIFORNIA BETWEEN

PERSONALUMBRELLA.COM INSURANCE SERVICES, INC. HEREINAFTER "PROGRAM ADMINISTRATOR"
AND
________________________________ HEREINAFTER "BROKER"

BROKER WILL USE PROGRAM ADMINISTRATORíS WEBSITE(S) TO ORDER CERTAIN POLICIES FOR INSURANCE APPLICANTS.

PROGRAM ADMINISTRATOR WILL ONLY ACCEPT ORDERS FOR APPLICANTS AND HONOR COMMISSIONS IN COMPLIANCE WITH THE LAWS OF THE APPLICANTíS STATE. PROGRAM ADMINISTRATOR WILL ONLY ACCEPT ORDERS FOR APPLICANTS AND HONOR COMMISSIONS IN COMPLIANCE WITH PROGRAM ADMINISTRATORíS UNDERWRITING GUIDELINES.

IT IS BROKER RESPONSIBILITY TO INPUT CORRECT APPLICANT INFORMATION INTO THE PROGRAM ADMINISTRATORíS WEBSITE.

BROKER IS NOT RESPONSIBLE FOR THE EARNED PREMIUM. SHOULD BROKER OR APPLICANT FAIL TO REMIT EARNED PREMIUM UPON DEMAND, BROKER WILL NOT EARN COMMISSION ON SUCH PREMIUM. ALL PAYMENTS MUST BE MADE WITHIN 45 DAYS OF DEMAND.

BROKER MUST BE PROPERLY LICENSED WITHIN BROKER'S STATES INSURANCE LAWS TO USE THE PROGRAM ADMINISTRATORí S INSURANCE PROGRAM(S) AND RELATED WEBSITE(S). PROGRAM ADMINISTRATOR WILL NOT BE RESPONSIBLE FOR BROKER VIOLATIONS OF APPLICABLE STATE LAWS. ANY COSTS PROGRAM ADMINISTRATOR INCURS DUE TO BROKER VIOLATIONS OF LAWS WILL BE REIMBURSED TO PROGRAM ADMINISTRATOR.

THE PROGRAM ADMINISTRATOR WILL PAY BROKER A QUARTERLY COMMISSION STATEMENT FOR ALL GROSS PREMIUMS PAID TO PROGRAM ADMINISTRATOR FOR ALL ACCOUNTS NEW AND RENEWAL THAT BROKER ORDERS THROUGH PROGRAM ADMINISTRATORíS INSURANCE PROGRAM(S) AND RELATED WEBSITE(S).

COMMISSION WILL BE PAID ONLY ON PREMIUM AS PER FOLLOWING COMMISSION SCHEDULE:

PERSONALUMBRELLA.com POLICIES
A. 15% NEW POLICIES (1st YEAR PREMIUM)
B. 10% RENEWAL POLICIES (2nd YEAR & CONTINUING)
MYMGA.com POLICIES
A. 10% NEW AND RENEWAL POLICIES (1st YEAR, 2nd YEAR & CONTINUING) MAINSTREETUMBRELLA.com POLICIES
A. 10% NEW AND RENEWAL POLICIES (1st YEAR, 2nd YEAR & CONTINUING)
ALL RENEWAL RIGHTS WILL BE THE PROPERTY RIGHTS OF BROKER.
BROKER RIGHTS TO RENEWAL WILL BE TERMINATED ONLY IF ONE OF THE FOLLOWING OCCURS:
A. BROKER DOES NOT COMPLY WITH THE LICENSING LAWS OF APPLICANT STATE.
B. PROGRAM ADMINISTRATOR RECEIVES A WRITTEN BROKER OF RECORD LETTER SIGNED BY THE APPLICANT APPOINTING ANOTHER BROKER AND SUCH LETTER IS NOT RESCINDED. (PER CUSTOMARY INSURANCE PRACTICE).

PROGRAM ADMINISTRATOR RESERVES THE RIGHT TO TERMINATE BROKER USE OF THE PROGRAM ADMINISTRATORíS INSURANCE PROGRAM(S) AND RELATED WEBSITE(S) AT ANY TIME WITH 10 DAY WRITTEN NOTICE TO THE ADDRESS BROKER HAS PROVIDED.

ALL INFORMATION AND GRAPHICS SUBMITTED TO AND ORIGINATED BY PROGRAM ADMINISTRATOR SHALL BE DEEMED AND REMAIN THE PROPERTY OF PROGRAM ADMINISTRATOR. PROGRAM ADMINISTRATOR SHALL BE FREE TO USE, FOR ANY PURPOSE, ANY IDEAS, CONCEPTS, KNOW-HOW OR TECHNIQUES CONTAINED IN.

PROGRAM ADMINISTRATOR WILL NOT DISCLOSE THE NONPUBLIC PERSONAL FINANCIAL INFORMATION OF APPLICANTS OR FORMER APPLICANTS, EXCEPT AS PERMITTED OR REQUIRED BY LAW. PROGRAM ADMINISTRATOR RESERVES THE RIGHT, HOWEVER, TO CHANGE THIS POLICY AT ANY TIME. SHOULD THIS POLICY CHANGE, PROGRAM ADMINISTRATOR WILL GIVE AFFECTED APPLICANTS AN OPPORTUNITY TO DIRECT THAT THEIR NONPUBLIC PERSONAL FINANCIAL INFORMATION NOT BE DISCLOSED.

THE LAWS OF CALIFORNIA WILL GOVERN THIS AGREEMENT AND PROGRAM ADMINISTRATORíS WEBSITE. ANY APPLICABLE DISPUTES WILL BE SUBJECT TO ARBITRATION IN THE STATE OF CALIFORNIA.

 



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