This VSC SELLER/DEALER AGREEMENT (this "Agreement") is made and entered into on day of ,VSC Seller/Dealer Agreement • March 13th, 2007 • Illinois
VSC Seller/Dealer, as an agent for a third party provider or administrator (the "Administrator"), sells vehicle service contracts (“Vehicle Service Contracts”). The Vehicle Service Contracts provide for the repair or replacement of or reimbursement for certain repair and replacement costs for the automobiles owned or leased by purchasers of Vehicle Service Contract (“Purchasers”). The obligations under the Vehicle Service Contracts are secured by an insurance or indemnity policy (the “Coverage”) from an insurance company or other party (the “Insurer”). The Coverage provides that Insurer shall pay to or on behalf of the Vehicle Service Contract obligor all amounts that the Vehicle Service Contract obligor has become obligated to pay as performance or reimbursement for performance of the Vehicle Service Contract obligor’s obligations under the Vehicle Service Contracts.
