CPA Practice Liability Insurance Cooperation Agreement

Party A: _________ Institute of Certified Public Accountants: _________ Insurance Co., Ltd. _________ Branch is to enable accountants to effectively prevent practicing risks, improve the solvency of accounting firms, and promote the development of the CPA profession and insurance industry. This Agreement is signed on the basis of mutual agreement.
Article 1 Both Party A and Party B agree to jointly negotiate relevant insurance matters.
Article 2 After both parties have signed this insurance agreement, Party A shall provide Party B with relevant information of all its members, and Party B shall provide relevant information to Party A. Both parties have an obligation to keep trade secrets with each other.
Article 3 Under the premise of insisting on voluntary insurance, Party A shall recommend the large-scale commercial risk insurance department authorized by Party B as the insurer of the practice liability insurance for its group member accounting firm.
Article 4 The applicable provisions of the practice liability insurance are “Certificate of Certified Public Accountant Liability Insurance of China People's Property Insurance Co., Ltd.” and “Additional Insurance Clauses of Certified Public Accountant Liability Insurance of China People's Property Insurance Co., Ltd.”. The specific usage rate is the "Certificate of Certified Public Accountant Licensing Insurance of China People's Property Insurance Co., Ltd.". Party B agrees to provide 8% discount to Party A members on the basis of the standard rate.
Article 5 When signing the insurance contract with the insured , Party B will negotiate the contents of the insurance contract with the insured according to the specific circumstances. For insured persons with good business management, large business volume, relatively low risk or no risk for two consecutive years, Party B agrees to appropriately lower the rate or give other preferential conditions on the basis of the standard rate.
Article 6 After the negotiation between Party A and Party B, Party B agrees to give preferential treatment to the retrospective rate when Party A's member first insured to extend the retrospective period. If the retroactive period of the agreed extension is one year, the insurance premium shall be calculated according to 60% of the actual business income during the retrospective period; if the retrospective period of the agreed extension is two years, it shall be calculated according to 50% of the actual business income during the retroactive period. Insurance premium; if the retrospective period of the agreed extension is three years, the insurance premium shall be calculated according to 40% of the actual business income during the retroactive period; if the retrospective period of the agreed extension is four years, it shall be based on the actual business income during the retroactive period. % Calculate insurance premium. When the provisions of this Article are inconsistent with the rates of the Additional Insurance Clauses of the Certified Public Accountant Licensing Insurance of the People's Insurance Company of China, the provisions of this Article shall prevail.
Article 7 When both parties to the insurance contract dispute the insurance compensation, they may entrust Party A to mediate. The agreed mediation result is binding on both parties to the insurance contract; when the parties cannot agree on the mediation, they shall submit the registration in Henan Province. The accountant's practice responsibility appraisal committee appraisal or the people's court ruling.
Article 8 Both Party A and Party B agree to establish an irregular liaison system, exchange information on the implementation of the CPA's practice liability insurance business, and negotiate and resolve relevant issues arising in insurance. Engage relevant experts to evaluate the risk status of the accounting firm, propose improvements, and assist in improvement.
Article 9 Party B shall be responsible for the guidance and training of Party A and its members in insurance business, and shall set up a special person to assist Party A in carrying out its work.
Article 10 In the course of underwriting business , Party B shall not refuse to cover the insured except for malicious infringement and insured persons with extremely poor credit status.
Article 11 Party A shall require each insured to fill out the insurance policy truthfully and cooperate with Party B to do the relevant work.
Article 12 Subject to the agreement of both parties, the relevant contents of this Agreement may be changed and supplemented in writing, and the contents of the changes and supplements shall have the same effect as this Agreement.
Article 13 This Agreement shall be in duplicate, and both parties shall be responsible for each.
Article 14 This Agreement shall enter into force on the date of signature.
person A person B:_________
Representative: _________ Representative: __________
________Year ________________________________________________________________________________________________________________________________________________________________________________________________________
Subsidiary file
1. "China People's Property Insurance Co., Ltd. Certified Public Accountant Liability Insurance Clause"
2. "China People's Property Insurance Co., Ltd. Certified Public Accountant Liability Insurance Additional Insurance Clauses"
3. "China People's Property Insurance Co., Ltd. Certified Public Accountant Liability Insurance Clause Rate"
4. "People's Property Insurance Co., Ltd. CPA Practice Liability Insurance Application Form"
5. "China People's Property Insurance Co., Ltd. Certified Public Accountant Licensing Insurance Insurance Insurance Sample"