Independent Insurance Agent Agreement
This Independent Insurance Agent Agreement (the "Agreement") is entered into by and between Blue Skye Financial Services [including all affiliated master agencies], a Texas corporation with its principal place of business in Austin, Texas (the "Company"), and , (the "Agent").
1. Engagement: The Company hereby engages the Agent as an independent contractor to perform the services including but not limited to the wholesale and retail marketing of insurance and financial services to consumers, and the Agent hereby accepts such engagement.
2. Term: This Agreement shall commence on the date hereof and shall continue in full force and effect until terminated by either party upon receipt of written notice and debt settlement.
3. Compensation: The Company shall pay the Agent compensation as agreed upon net percentage of paid business.
4. Expenses: The Agent shall be responsible for all expenses incurred in the performance of the services under this Agreement, including but not limited to licensing, lead procurement, chargeback debt and policy servicing.
5. Indemnification: The Agent agrees to indemnify and hold the Company harmless from any and all claims, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or related to the Agent's performance of the services under this Agreement.
6. Termination and Debt Settlement: Upon termination of this Agreement, any outstanding debt owed by the Agent to the Company shall be automatically debited from the Agent's bank account via Automated Clearing House (ACH) transfer. The Agent hereby authorizes the Company to initiate such ACH transfer to settle any outstanding debt.
7. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Texas.
8. Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter of this Agreement.
9. Amendment: This Agreement may be amended or modified only by a written instrument executed by both the Company and the Agent.
10. Notices: All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be deemed to have been duly given if delivered or mailed, postage prepaid, to the parties at their respective addresses set forth above.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.