EYEHERU LLC (ESA) SELF-INSURANCE COMPANYPOLICY

 

Policy Number: [QA1092]

Effective Date: [Insert Effective Date]

Insured Name: [EYEHERU LLC (ESA) SELF-INSURANCE COMPANY.]

Address: [7909 CORY AVE APT CLEVELAND OHIO USA 44103]

 

1. Objective

This policy provides a self-insurance model for the Insured to manage their own risk and liability in the event of automobile accidents. The Insured bears full responsibility for any damages resulting from accidents, regardless of fault.

 

2. Coverage Overview

2.1 Self-Insurance Fund

 

The Insured will contribute a monthly amount to the self-insurance fund, which will be held by EyeHeru Sovereign Alliance.

The contributed amount will be used to cover the Insured's expenses in the event of an accident, regardless of fault.

3. Terms and Conditions

3.1 Responsibility

 

The Insured takes full responsibility for any damages resulting from accidents, regardless of fault.

The Insured understands that they will use their own contributed funds to cover their expenses in the event of an accident.

3.2 Fund Management

 

EyeHeru Sovereign Alliance will hold the self-insurance fund and manage the contributed amounts.

The fund will be used exclusively for the Insured's expenses in the event of an accident.

3.3 Non-Refundable Contributions

 

The Insured's monthly contributions are non-refundable and will be used only in the event of an accident.

A small fee will be added to the contributions, which will be negotiated before the insurance is issued.

4. Claims Process

4.1 Accident Reporting

 

The Insured must report any accidents to EyeHeru Sovereign Alliance within a reasonable timeframe.

The Insured will provide necessary documentation, including accident reports and evidence.

4.2 Fund Utilization

 

The Insured's contributed funds will be used to cover their expenses in the event of an accident.

The Insured will be responsible for managing their own claims and expenses.

5. Insufficient Funds

5.1 Voluntary Garnishment

 

In the event that the Insured does not have sufficient funds in their self-insurance account to cover damages resulting from an accident, they may volunteer to undergo garnishment of their wages.

The Insured must sign a document agreeing to voluntary garnishment based on the court's decision.

5.2 Garnishment Terms

 

The Insured agrees to continue to seek employment and work legally to facilitate garnishment of their wages.

Failure to comply with these terms may result in additional penalties, including interest on the debt.

5.3 Alternative Repayment Options

 

The Insured may also agree to work for free or for a reduced wage for a company willing to pay off their debt.

The Insured must register with unemployment and actively seek employment to avoid additional penalties.

6. Court-Ordered Repayment

6.1 Court-Ordered Garnishment

 

If the Insured fails to comply with the terms of the voluntary garnishment, the court may order garnishment of their wages.

The court may also impose additional penalties, including interest on the debt.

6.2 Failure to Comply

 

Failure to comply with court-ordered repayment may result in jail time.

The Insured will still be required to pay the debt and may face additional penalties upon release from jail.

7. Self-Insurance Card

7.1 Proof of Insurance

 

EyeHeru Sovereign Alliance will provide the Insured with a self-insurance card as proof of insurance.

The self-insurance card will be recognized by relevant authorities.

8. Legal Compliance

8.1 Compliance

 

This policy complies with all relevant state and federal regulations regarding automobile insurance.

The Insured understands that they are responsible for ensuring their compliance with all applicable laws and regulations.

9. Contact Information

For additional information or inquiries regarding this policy, please contact:

 

EyeHeru Sovereign Alliance

Customer Service: [Phone Number]

Email: [Email Address]

Website: [Website URL]

 

IN WITNESS WHEREOF, the parties hereto have executed this Insurance Policy Agreement as of the date first above written.

 

[Insured Name]

Signature of Insured

 

[Insurance Company Representative's Name]

Signature of Representative