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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. | |
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| ## 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. | |
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| ## 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. | |
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| ## 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. | |
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| 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: ________________ | |
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