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ICA – Addendum

ADDENDUM No.

to the INTERMEDIARY COOPERATION AGREEMENT No:

dated on:

According to the Intermediary Cooperation Agreement No. dated on (hereinafter referred to as the “Agreement”):

The Parties hereby agree that for all services rendered by the Intermediary under the Agreement in respect of any insurance/reinsurance contract, the Intermediary shall receive % ( ) commission, which will be calculated on respective gross written premiums excluding all taxes, duties, levies and alike related thereto.
The commission shall be paid in the following currency: .
The Parties hereby agree that commission includes any and all taxes, levies due to be paid by the Intermediary in respect of the commission under any applicable laws.
The commission shall be paid by the Company to the account of the Intermediary as indicated on the front page of the Agreement within the terms as set in the Agreement.
This Addendum is executed in two copies; one to each Party.

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Timestamp

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27/06/2020 07:14 CET

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