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EXHIBIT 10.19
[NORTH POINTE INSURANCE CO. LOGO]
May 30, 2000
David Leisure
CSAC Agency
7373 W Saginaw Highway
Lansing MI 48909
Dear Mr. Leisure:
Thank you
for your interest in the North Pointe Insurance Company auto
insurance program. Enclosed please find an
Agency Agreement, which requires the
signature of a managing representative of
your agency. Please return the Agency
Agreement as soon as possible. A completed
copy will be returned to you for your
records.
We welcome
your interest in the North Pointe auto insurance program and
look forward to a long and profitable
relationship.
Sincerely,
/s/ Brandy Willingham
Brandy Willingham
Agency Licensing Administrator
Enclosures
P.O. Box 2223, Southfield,
MI 48037-2223 - 28819 Franklin Road, Suite 300,
Southfield, MI 48034-1656 (800) 229-67420 -
(248) 358-1171 - Fax (248) 357-3895
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NORTH POINTE INSURANCE COMPANY
PERSONAL LINES AGENCY AGREEMENT
This AGENT
AGREEMENT, entered into on May 30, 2000, by and between NORTH
POINTE INSURANCE COMPANY, 28819 Franklin
Road, Suite 300, Southfield, Michigan
48034 ("Company") and CSAC AGENCY, 7373 W
Saginaw Highway, Lansing MI 48909
("Agent").
WITNESSETH
In
consideration of the mutual covenants, conditions and agreements
herein
contained, the Company and the Agent agree
as follows:
ARTICLE I
AUTHORITY OF THE AGENT
A. The Company grants
authority to the Agent to solicit no-fault auto
insurance
on behalf of the Company, subject always to acceptance by the
Company.
B. Agent is granted
authority to bind no-fault auto insurance policies in the
State of
Michigan. Agent is specifically PROHIBITED and NOT AUTHORIZED
to
alter, by
endorsement or otherwise, insurance policies, binders or any
other
documents duly issued by the Company.
C. Agent shall submit to
the Company the appropriate copy of any and all
binders
issued by the Agent together with the applications for no-fault
auto
insurance. The Company may, at its sole discretion, elect to
review,
approve,
reject, re-rate or quote alternatives to such applications. The
Company
shall prepare and issue policies, endorsements and other
necessary
documents
which shall be forwarded to the Agent for delivery to the
insured on
business accepted by the Company.
Agent
shall have NO AUTHORITY to execute any policies, endorsements
or
documents
other than binders.
ARTICLE II
PREMIUM REPORTING AND ACCOUNTING
A. Agent shall be liable
to the Company for all premium due the Company on
insurance
written through the Agent, except as hereinafter set forth. If
the Agent
is paid by an insured whose check is returned for "Non
Sufficient
Funds" (NSF), in that event, if a copy of both sides of the NSF
check is
returned to the Company, within thirty (30) days of the
effective
date of
the policy, the Company will cancel the insured's policy flat.
B. All premiums collected
by the Agent on business placed with the Company is
the
property of the Company and shall be held by the Agent in trust m
a
properly
maintained fiduciary account. Agent shall make no deductions
therefrom
before making payment to the Company.
C. On all business placed
by or through the Agent, Agent shall remit to the
Company
gross premiums, within forty-eight (48) hours after issuance of
a
binder,
with the application and copy of binder. Agent will also be
responsible to remit any and all gross installment premiums or the
down
payment of
a Company financed premium collected by the Agent.
P.O. Box 2223, Southfield,
MI 48037-2223 - 28819 Franklin Road, Suite 300,
Southfield, MI 48034-1656 (800) 229-67420 -
(248) 358-1171 - Fax (248) 357-3895
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D. The Company will bill
directly to policyholders for amounts due on
installment premiums due the
Company. Agent shall be governed by Article
II. B. and
C. in the event a renewal or installment payment is made to the
Agent by a
policyholder.
E. If an insured under a
policy placed by or through the Agent is entitled to
the return
of premium due to policy cancellation, audit or for any other
reason,
Agent shall (either during the continuance of this Agreement or
after its
termination) refund and return commission paid to the Agent on
that
portion of the returned premium, within ten (10) days after notice
to
the Agent
of the return of premium. The Company may, in its sole
discretion, offset the return commission against any Agent
commissions
payable by
the Company.
F. It is agreed that, if any
additional premium developed by audit is charged
and billed
by the Company, and such additional premium cannot be collected
by the
Agent, the Company, at its sole option, may relieve the Agent
of
responsibility for the payment of such premium to the Company
as
aforesaid,
provided that the Agent gives written notice thereof to the
Company in
writing within sixty (60) days of the Company's billing date
appearing
on the Premium Adjustment Statement. Upon receiving such
notice,
the
Company may undertake direct collection from the i
