Terms and Conditions

Thank you for your trust and support of Agape Financial & Insurance Agency. We warmly welcome you as a member of our professional team!

In this industry where integrity and professionalism are paramount, we believe that each partner who joins us takes an important step toward mutual success. To foster a lasting and stable cooperative relationship and to establish clear communication and compliance mechanisms, we hereby formulate this Insurance Broker Cooperation (Compliance) Agreement as a shared commitment between both parties.

The following terms set out the rights and obligations of both parties, and together we strive to build a transparent, responsible, and growth-oriented partnership.

Article 1 | Agent Qualifications and Licensing Requirements

•     This Agreement applies to agents holding insurance broker licenses in California and other applicable states.

•     Agents must comply with the California Department of Insurance (CDI), relevant state insurance departments, and the Company's (Agape Financial & Insurance Agency) regulations, ethical standards, and compliance requirements. Agents must conduct business with integrity and provide valid identification and proof of insurance licensure.

•     Party B agrees to affiliate their insurance broker license under Party A and conduct business legally under Party A's supervision. Upon termination of this Agreement, Party A will cooperate in transferring the license and completing the termination procedures.

•     Misrepresentation, misleading statements, over-promising, or any other unlawful conduct is strictly prohibited. Violations will result in termination of the contract and the Company reserves the right to pursue legal action.

Article 2 | Commission and Bonus Structure

•     Individual agent commissions are calculated according to the Company's most current "Commission Schedule" (any changes will be announced separately).

•     Team bonuses are distributed according to the Company's incentive program and organizational performance.

•     Commissions are paid on the 5th of each month; if this falls on a holiday, payment will be deferred to the next business day.

•     All commissions are contingent upon the policy being formally activated and payment successfully processed. In the event of policy cancellation, lapse, or termination, the Company reserves the right to deduct or adjust commissions in the following payment cycle.

•     The Company reserves the right to adjust commission rates and bonus mechanisms according to market conditions and holds the final right of interpretation.

•     For a list of insurance companies represented by the Company, please refer to Exhibit A | List of Authorized Insurance Companies attached to this Agreement.

Article 3 | Promotion and Team Development

•     Company promotion standards and incentive mechanisms (refer to the Sales and Management Promotion System).

•     Basic management obligations of agents toward subordinate agents (refer to the Company's Basic Policy Handbook).

Article 4 | Joint Business Development Terms

•     Agents may voluntarily request the Company's assistance for case joint visits or full-process policy submission services. The Company will charge the following fees: Joint case visit: 40% of the total TP for that client; Policy submission service: 10% of TP.

•     Joint visit fees are credited to the Company's operating account and used for technical and resource support.

•     All policy applications by agents must be submitted through the Company's platform or through authorized insurance company channels. Unauthorized independent submissions or affiliations with other company channels are prohibited; violations may result in termination of cooperation.

Article 5 | Agent Compliance Obligations

•     Agents must not collect premiums privately, fabricate or falsify client information, or violate any anti-money laundering regulations.

•     Agents must accept the Company's right to supervise and correct their professional conduct.

Article 6 | Cancellation and Chargeback Terms

•     If a client cancels the policy during the free-look period, within the first or second year of the policy, or if payment is rejected or auto-payment lapses, the agent must return the corresponding commissions in accordance with each insurance company's regulations, including any team income earned by management-level agents.

•     The Company may directly deduct the amount to be recovered from Party B's future commissions. If the agent has resigned or has no future commissions, the agent must repay the difference within 30 days. The Company also reserves the right to pursue recovery through legal proceedings; all litigation costs shall be borne by the responsible party without objection.

•     All recoveries shall be based on the insurance company's written cancellation notice or accounting records.

Article 7 | Daily Duties and Basic Responsibilities

•     Agent responsibilities include but are not limited to: client development, insurance advice, client relationship management, and participation in Company training and meetings.

•     Agents shall proactively assist clients in understanding their policies and provide after-sales service, maintaining a high-quality professional image.

•     Agents must not engage in unauthorized activities in the Company's name, nor conduct sales under contracts with other companies without authorization.

Article 8 | Compliance Violations and Cost Bearing

•     If an agent's misconduct (e.g., misleading sales, fraudulent policies, client complaints) causes reputational or financial damage to the Company, handling fees of at least 30% of the current period's commissions will be deducted.

•     Any support costs for roadshows, seminars, or technical platforms must be reviewed and approved by the Company; subsidies or reimbursements may be applied for through the Company.

•     Agents must obtain Company approval before using the Company brand at any public events. Costs related to product activities shall be borne by the agent.

•     If the agent's use of the brand causes regulatory violations or financial losses to the public or industry, all related funds shall be borne by the agent. Regarding relevant administrative penalties, the Company reserves the right to pursue legal action against the agent depending on circumstances.

Article 9 | Resources Provided by the Company

•     The Company will provide necessary sales platforms, training, technical support, and administrative assistance.

•     The Company assumes no legal liability for agents' individual sales conduct or external commitments; agents shall independently bear all related risks and obligations.

•     Training and resources provided by the Company are exclusively for agents in sole cooperation with the Company. If an agent simultaneously conducts business with another company, the Company reserves the right to terminate support and cooperation.

Article 10 | Confidentiality and Non-Compete

•     Agents must maintain confidentiality regarding the Company's internal systems, training materials, client information, commission structures, and any other proprietary information; unauthorized disclosure or use is prohibited.

•     Team members must not solicit one another to change affiliations and must not exchange contact information belonging to members of other teams; violations may result in termination of cooperation.

•     Within one year after termination of this Agreement, agents must not contact or solicit the Company's clients, team members, or other agents. Violations entitle the Company to file civil proceedings and seek compensation.

Article 11 | Contract Term and Termination

•     This Agreement takes effect from the date of signing and is valid for one year; it will automatically renew upon expiration unless otherwise objected to.

•     Either party may terminate this Agreement with 30 days' written notice without providing a reason.

•     Upon termination, the Company retains the right to recover any outstanding commissions and handling fees.

•     In the event of a material breach by the agent, Party A may immediately terminate the Agreement and reserves all legal rights.

Article 12 | Dispute Resolution and Governing Law

This Agreement shall be governed by and construed in accordance with the applicable laws of the relevant U.S. states and federal law.

In the event of a dispute, both parties shall attempt to resolve it through good-faith negotiation. If negotiation fails, the dispute shall be submitted to the court of first instance with exclusive jurisdiction in the location of Party A's principal place of business.

Article 13 | Company Resources and Intellectual Property Protection

•     Agents must not share, forward, store, copy, or reproduce without authorization any internal Company materials including training videos, meeting records, presentation content, business system instructions, or any other proprietary or non-public materials and course content.

•     Such materials are the Company's intellectual property and constitute protected trade secrets. Any unauthorized disclosure to or sharing with third parties, whether for profit or not, is strictly prohibited. Upon discovery, the Company will pursue legal responsibility including but not limited to contract termination, claims for damages, and civil or criminal litigation.

•     This clause remains in effect for one year after the termination of the agent's agreement with the Company.