Terms & Conditions

Terms & Conditions

Terms & Conditions

TERMS AND CONDITIONS

 

WITNESSETH : That in consideration of the payment by the Finance Company (“The Co.”) to the respective insurance companies, or their

agents, of the balance of the premiums upon the policies of insurance hereinbefore described on the reverse side hereof (which policies have

been issued and delivered to the Assured at his request) the Assured promises to pay to the Finance Company the amount shown in the

completed schedule on the reverse side hereon under the caption “Total of Payments’, with service charge thereon as in said Schedule

 

provide; and the Assured agrees with the Finance Company as follows :

 

1. In the event that default be made in the payment of any payment

payable hereunder, or if bankruptcy proceedings be instituted by

or against any of the insured, or a receiver of property of any of

the insured be appointed, then the full amount payable hereunder

shall, at the option of the Co., become forthwith due and payable

and the Co. shall have the right to cancel said policies and

collect and receive all return or unearned premiums hereon

or the proceeds of a loss hereunder, retain the amount owing

hereunder, and remit any surplus to the insured. Default in

payment of installation hereof shall be deemed to be a request for

cancellation of said policies by the insured and for notice of such

cancellation to be given by the Co. to said insurance companies

or agencies.

 

2. The unpaid balance may be paid in full at any time without

penalty, except as described herein, If the amount financed

hereunder is $500.00 or less, then that portion of the finance

charge over $20.00 will be refunded based on the “Rule of 78’s”.

If the amount financed hereunder is over $500.00 then that

portion of the finance charge over $30.00 will be refunded based

on the “Rule of 78’s”. If the amount financed hereunder is over

$1,000.00 then that portion of the finance charge over $40.00

 

will be refunded based on the “Rule of 78’s”.

 

3. The Insured assigns to the finance company as security, all of

their rights, title and interest in and to each of the financed

policies and all rights therein including all unearned and return

premiums. The undersigned further warrants that a fully

completed copy of this agreement has been furnished the insured.

 

4. The finance charge made herein begins at the earliest beginning

date of the policy or policies assigned to the holder hereof as

security for the amount due.

 

5. The Undersigned agrees to pay a delinquency charge of five per

cent (5%) of any installment in default hereunder, however, said

delinquency charge shall not be less than $1.00.

 

6. The Insured hereby irrevocably appoints the Co., its officers and

agents, as their attorneys in fact with power to cancel the

policies of insurance, or any of the, to receive and receipt. In the

name of the Insured, all monies hereafter payable to the Insured

as above set forth, including the proceeds of any loss so payable.

The Insured hereby releases and discharges and agrees to hold

harmless the Co. and its officer, agents and employees from any

liability or cause of action by reason of any such cancellation.

 

7, Each of said insurance companies is hereby authorized to rely

upon all statements made by the Co. as to every matter

pertaining to this contract and said policies.

 

8. No waiver by the Co. of any default shall be construed as a

waiver of any other or subsequent default nor impair or affect any

rights or remedies incident thereto. The Co. shall not be under

any liability hereunder as an insurer. The entire contract between

the parties hereto is contained herein and there are no other

conditions, provisions, understandings or undertakings.

 

 

9. The Co. shall have the right to accept any payment or payments

from the insured after notice of cancellation has been sent to

the insurance companies and may hold such monies for the

insured or apply them as a reduction of the indebtedness

hereunder and neither the acceptance nor the application of

 

any such payment or payments shall constitute an undertaking

on the part of the Co. to continue the said insurance in

force or to take steps to reinstate such insurance or constitute

a waiver of any default hereunder. In the event the Co.

requests reinstatement of such insurance the Co. assumes no

responsibility that such request will be received or honored by

the insurance company, and Insured must verify the existence

of coverage directly with the insurance company or its agent.

 

10. The Insured hereby agrees that the surrender of the policy or

policies or certificate or certificates shall not be necessary to

entitle the Co. to receive any such return premiums or proceeds

of loss and hereby authorize each of the herein named insurance

companies to pay to the Co. any and all such return premiums

and proceeds of loss otherwise payable hereunder without

requiring the surrender of any policy or certificate.

 

11. The Co. may, with or without notice to the undersigned, assign

its right, title and interest in, to and under this Agreement and

the collateral herein described and all rights of the Co.

hereunder upon such assignments shall vest in the assignee.

 

12. The Insured understands and agrees that no agent or broker

soliciting and/or writing any of said policies was or is the agent

of the Co. all such agents or brokers having acted solely as

agents of the undersigned or of the insurance, companies. No

acts, representations, promises or warranties of any such agents

or brokers with respect to this contract or any of said policies

shall be binding upon the Co. and the insured states that they

have not dealt with, and agree that they will not in the future

deal with, any of the insurance companies or any agent or

broker as the agent of the Co.

 

13. The records of the Co., showing the mailing of any notice, shall

be conclusive evidence of the due and proper mailing of such

notice at the time and in the manner shown by such records.

The Co. shall not be required to take notice of the change of

any address of any of the undersigned unless written notice

thereof shall have been receive by it.

 

14. The Co. is hereby authorized to pay the above mentioned

balances of premiums to insurance companies issuing such

policies or their respective agents.

 

15. Whére a payment is in default, the Co. agrees that not less than

10 days written notice shall be mailed to the Insured of the

intent of the Co. to cancel the insurance policy unless the

default is cured within such 10 day period.

 

16. This Contract shall be construed in accordance with and

governed by the laws of the State of Illinois. In the event of the

invalidity of any provision of this Agreement, such invalid

provision shall not invalidate the remaining portions of this

contract.

 

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of sex or marital status.

The Federal agency which administers compliance with this law concerning this premium finance company is the Federal Trade Commission,

 

730 Peachtree Street, N.E., Room 800, Atlanta, Georgia, 30308.

 

Rev. 10/82

SMS Consent Communication:

The information Phone Numbers obtained as part of the SMS consent process will not be shared with third parties for marketing purposes.

Types of SMS Communications:

If you have consented to receive text messages from Company Name, you may receive messages related to the following:

Customer care – Policy reminders – Notify customers about renewals and payments.

Customer care – Support inquiries – Assist with questions and issue resolution.

Customer care – Reward notifications – Inform customers about discounts and special offers. (If applicable)

Example:”Hey [Customer Name], just a heads-up—your policy renewal is coming up soon. Let us know if you need help reviewing your options! Reply STOP to opt-out of AMIGO INSURANCE.”

Message Frequency:

Message frequency may vary depending on the type of communication. For example, you may receive up to SMS messages per week related to your account/customer care.

Example:

Message frequency may vary. You may receive up to 2 SMS messages per week regarding your appointments or account status.

Potential Fees for SMS Messaging

Please note that standard message and data rates may apply, depending on your carrier’s pricing plan. These fees may vary if the message is sent domestically or internationally.

OptIn Method:

You may opt in to receive SMS messages from Company Name in the following ways:

By submitting an online form

OptOut Method:

You can opt out of receiving SMS messages at any time. To do so, simply reply STOP to any SMS message you receive. Alternatively, you can contact us directly to request removal from our messaging list.

Help:

If you are experiencing any issues, you can reply with the keyword HELP. Or, you can get help directly from us at Contact Us

Additional Options:

If you do not wish to receive SMS messages, you can choose not to check the SMS consent box on our forms.

Standard Messaging Disclosures:

Message and data rates may apply.

You can opt out at any time by texting STOP.

For assistance, text HELP or visit our Privacy Policy and Terms and Conditions pages.

Message frequency may vary