48 lines
2.9 KiB
Markdown
48 lines
2.9 KiB
Markdown
# Contract with Stellar Insurance Co. for Rellm
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## Terms
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This contract is made between **Insurellm**, located at 123 Innovation Lane, San Francisco, CA, and **Stellar Insurance Co.**, located at 456 Galaxy Road, Chicago, IL. The effective date of this agreement is **January 1, 2024**.
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### Duration
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The initial term of this agreement shall be for **12 months**, commencing from the effective date. The contract will automatically renew for successive **12-month periods** unless either party provides written notice of non-renewal at least **30 days** prior to the expiration of the current term.
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### Payment Terms
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Stellar Insurance Co. agrees to pay Insurellm a monthly subscription fee of **$10,000** for the **Professional Plan** of the Rellm product. Payments are due on the **1st of each month**.
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### Termination
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Either party may terminate this agreement with a **30-day written notice**. In the event of a material breach, the non-breaching party may terminate immediately, provided a written notice is given.
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## Renewal
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This contract will renew automatically for additional 12-month terms unless written notice is provided by either party 30 days prior to the renewal date. Upon renewal, pricing may be adjusted based on agreed-upon inflation adjustments or additional services requested by Stellar Insurance Co.
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## Features
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Stellar Insurance Co. will receive access to the following features of the Rellm product:
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- **AI-Driven Analytics**: Predictive insights into risk exposures tailored for the reinsurance industry.
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- **Seamless Integrations**: Compatibility with existing systems for policy management and claims processing.
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- **Risk Assessment Module**: Comprehensive evaluation of risk profiles using advanced modeling techniques.
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- **Customizable Dashboard**: Tailored user interface presenting relevant metrics and performance indicators.
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- **Regulatory Compliance Tools**: Features to ensure adherence to local and international regulations.
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- **Client and Broker Portals**: Dedicated portals for enhanced communication and document sharing.
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## Support
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Insurellm provides Stellar Insurance Co. with the following support services:
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- **24/7 Technical Support**: Access to dedicated support representatives via phone and online chat.
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- **Quarterly Account Review**: Meetings to discuss performance metrics and uncover additional needs.
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- **Training Sessions**: Initial orientation and ongoing training opportunities to maximize the effectiveness of Rellm usage.
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- **Updates and Upgrades**: Regular software updates and enhancements are included as part of the subscription.
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Stellar Insurance Co. acknowledges receipt of the Rellm product summary and agrees to the terms set forth above. By signing below, both parties confirm their acceptance of this contract.
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**For Insurellm**
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______________________________
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[Signature]
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[Name, Title]
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[Date]
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**For Stellar Insurance Co.**
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______________________________
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[Signature]
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[Name, Title]
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[Date] |