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Contract Agreement

Client Name: Premier Auto Insurance Co.
Product Name: Carllm


Terms

  1. Agreement Duration: This contract is effective from January 1, 2025, and shall remain in effect for a period of twelve (12) months, concluding on December 31, 2025.
  2. Payment: The Client agrees to pay Insurellm a subscription fee of $2,500 per month for the duration of the contract, payable within 30 days of the invoice date.
  3. Scope of Services: The services provided under this contract include access to the Carllm platform, integration support, AI-powered risk assessment tools, customizable coverage plans, and automated customer support.
  4. Data Security: Insurellm commits to implementing industry-standard security measures to protect Client data, in accordance with applicable privacy laws.

Renewal

  1. Automatic Renewal: This contract will automatically renew for successive one-year terms unless either party provides written notice of termination at least thirty (30) days prior to the end of the current term.
  2. Renewal Terms: Upon renewal, the subscription fee may be subject to adjustments based on changes in the Consumer Price Index or any significant value additions to the service.
  3. Review Period: Prior to the renewal, both parties shall engage in a service review to ensure the satisfaction of both parties with the terms and performance of Carllm.

Features

  1. AI-Powered Risk Assessment: Comprehensive tools that analyze driver behavior and vehicle conditions.
  2. Instant Quoting: Near-instant quotes provided for enhanced customer experience.
  3. Customizable Coverage Plans: Flexibility to create tailored insurance packages.
  4. Fraud Detection: Advanced analytics to help identify potentially fraudulent claims.
  5. Customer Insights Dashboard: Access to deep insights for informed decision-making.
  6. Mobile Integration: Mobile app compatibility for policy management on the go.
  7. Automated Customer Support: 24/7 customer service via AI chatbots.

Support

  1. Customer Support Availability: Insurellm shall provide technical support to the Client via phone and email during standard business hours (9 AM - 5 PM ET, Monday to Friday).
  2. Emergency Support: Emergency support will be available 24/7 for critical issues impacting the Client’s operations, response time not to exceed 2 hours.
  3. Training and Resources: Insurellm will provide training materials and sessions to ensure successful deployment and use of Carllm.
  4. Feedback and Updates: The Client will have regular opportunities to provide feedback on service performance. Updates and new features will be communicated promptly.

This contract represents the complete understanding between the parties concerning the subject matter herein and supersedes all prior agreements and understandings, whether written or oral.

Authorized Signatures:

Premier Auto Insurance Co.


Name: [Client Representative Name]
Title: [Client Representative Title]
Date: ________________

Insurellm


Name: [Insurellm Representative Name]
Title: [Insurellm Representative Title]
Date: ________________