• MEMBERSHIP AGREEMENT

  • Step 5 of 9

  • STORAGE PROPERTY ASSOCIATION, INC

    Membership Agreement

    PARTIES TO THIS AGREEMENT - This Agreement ("Agreement") shall be by and between Storage Property Association, Inc. ("Association"), and Applicant. "Applicant" shall mean itself, its owners, directors, officers, employees, volunteers, and committee members, and any companies which are parents of, subsidiaries of, owned by, agents of, related to, or affiliated with Applicant.

    ADDRESSES OF PARTIES TO THIS AGREEMENT - ASSOCIATION has its principal office at 1333 H Street, N.W., Suite 820E, Washington, D.C. 20005. The Applicant has its principal office at the mailing address listed on the "Sales Application" for Protection Plan, Reinsurance, & Membership or any application which incorporates this Agreement by reference.

    EFFECTIVE DATE OF AGREEMENT - This Agreement shall be effective as of the date that a "Sales Application" for Protection Plan, Insurance, & Membership" is (1) signed by Applicant, and (2) accepted by ASSOCIATION or its authorized representative.

    WHEREAS, ASSOCIATION is an "ASSOCIATION," as defined under District of Columbia law formed to purchase liability insurance on a group basis for its Members to cover the similar or related liability exposure(s) to which the Members of ASSOCIATION are exposed by virtue of their related, similar, or common business or service, and,

    WHEREAS, Applicant desires to become a Member of ASSOCIATION to obtain insurance coverage available exclusively to Members of ASSOCIATION, and,

    WHEREAS, Applicant has signed a "Sales Application" for Protection, Insurance & Membership";

    NOW THEREFORE, in consideration of the mutual promises and covenants herein set forth, and for other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the parties agree:
    1. Acceptance of Terms & Conditions of Membership Agreement - Applicant agrees to become a Member of ASSOCIATION and accept, abide by, and be bound by the terms and conditions of membership detailed in the Articles of Incorporation, Bylaws, and this Agreement, and any changes made to this Agreement after the execution of the "Sales Application" for Protection, Insurance & Membership or application referenced above.
    2. Membership Benefits
      1. Offer of Benefits – Additions, Changes & Discontinuations of Benefits - ASSOCIATION may offer various benefits to its Members. At its sole discretion, and at any time, ASSOCIATION may add, change, or discontinue any benefit programs which it offers to its Members.
      2. Insurance Program - A leading benefit provided to Members of ASSOCIATION is access to a protection or insurance program designed for and available exclusively to Members of ASSOCIATION ("Insurance Program"). The Insurance Program shall be underwritten by Securehold Reinsurance Inc ("SRI"). Applicant agrees that it will accept, abide by, and be bound by the "Terms & Conditions of Insurance" in force as of the effective date of this Agreement.
    3. Rights of Members - Applicant's only rights as a Member of ASSOCIATION shall be to apply for and purchase insurance. The Applicant shall have no other rights as a Member or otherwise regarding ASSOCIATION unless established by the Board of Directors. Without limiting the generality of the foregoing, Applicant shall have no right as a Member of ASSOCIATION or otherwise under: (1) the Articles of Incorporation, Bylaws and any other governing or corporate documents of ASSOCIATION; (2) the general corporate laws of any state, including, but not limited to, any state in which Applicant or ASSOCIATION is domiciled or in which Applicant or ASSOCIATION have operations.
    4. Term & Termination of Membership - Applicant's membership in ASSOCIATION shall commence on the inception date of insurance coverage under the Insurance Program and shall terminate upon: (1) Applicant's written resignation with 30 days notice to ASSOCIATION; (2) Applicant's failure to pay premiums, ASSOCIATION membership fees ("AMF"), other fees, or taxes to ASSOCIATION when due; (3) 30 days written notice of termination sent from ASSOCIATION to Applicant, which ASSOCIATION may give, including, without limitation, any change in Applicant's business which could jeopardize the homogeneity of ASSOCIATION; or, (4) the expiration date of insurance coverage under the Insurance Program
    5. ASSOCIATION Membership Fees (AMFs)
      1. Computation & Amount - Administrator & ASSOCIATION need not disclose the calculation method. The AMF  charged to each  Member shall be within the sole discretion of ASSOCIATION. The AMF will be $25. Payment is required before Member's acceptance into the ASSOCIATION and on the effective date of this Agreement.
      2. Nature & Usage - ASSOCIATION shall retain the AMFs, which  AMFs are not insurance-related,  to fund the operations of the ASSOCIATION. AMFs charges to  Applicant are not charged to Applicant: (1) in exchange for a policy of insurance; (2) in exchange for an Evidence of Insurance ("EOI"); (3) in exchange for an insurance-related service; or, (4) to compensate an insurance agent or broker for services rendered.  AMFs received by ASSOCIATION shall immediately become part of ASSOCIATION's general operating funds,   which public operating funds may be disposed of in ASSOCIATION's business affairs,  as  ASSOCIATION deems appropriate.
      3. Payment Due Prior to Receipt of Policy and/or EOI - Upon purchase and payment of all premiums, fees, and taxes due, ASSOCIATION shall send Applicant, a policy or EOI.
      4. Agreement Not To Bring Claim, Law Suit, or Administrative Action Regarding Amount of AMF - Member waives any right it may have and agrees and warrants it shall never bring a claim, lawsuit, or governmental or administrative proceeding against ASSOCIATION, or SRI based upon the amount it was charged as an AMF in relation to other Members or alleging that the amount it was charged in premiums, fees,  or taxes was arbitrary, capricious, or discriminatory. Each Member shall receive an individually- tailored Quote, and it shall be the decision of each Member as to whether it accepts or rejects said Quote.
      5. Where payment Made - Applicant agrees to pay the premium, AMF, other fees  (if applicable),  State or  Federal taxes and/or surcharges (if applicable) to ASSOCIATION.  ASSOCIATION  shall retain the  AMF,  which  AMF  is not insurance-related,   to fund the operations of the ASSOCIATION.
    Payments should be remitted to:
    Storage Property Association, Inc.
    c/o Tenant Property Protection
    1929 W Lone Cactus Dr, Suite 6
    Phoenix, AZ 85027
    1. Agreement Subject to Change - This Agreement may be amended, modified, or changed at any time at the sole discretion of ASSOCIATION. However, once a policy or EOI has been issued to Applicant, its terms, conditions, and premium will not be changed until the expiration date of coverage unless Applicant's exposures or operations change, as permitted by law.
    2. Entire Agreement & Merger of Previous Agreements - This instrument constitutes the entire Agreement between the parties and supersedes all previous agreements entered into between the parties regarding its subject; and, all such previous agreements, whether oral or written, are merged into this instrument.
    3. Not Assignable - Applicant agrees that its rights under this Agreement are not assignable without the express written consent of ASSOCIATION.
    4. Waivers - Failure by ASSOCIATION to enforce compliance with any term or condition of this Agreement shall not constitute a waiver of such term or condition. No waiver of any breach or default of this Agreement shall be valid unless in writing and signed by ASSOCIATION, and no such waiver shall be deemed a waiver of any subsequent breach or default of the same or similar nature.
    5. Provisions Determined to be Invalid By a Court - Should any section, paragraph, or provision of this Agreement be ruled unenforceable because of the effect of any law, or for any other reason, the remaining provisions herein shall remain unaffected and shall remain binding and enforceable.
    6. Authorization to Receive Advertising Information & Correspondence - Applicant authorizes ASSOCIATION or its representative to send Applicant and any of its employees advertising information and correspondence, whether solicited or unsolicited, via any means of electronic or other communication or telecommunication, including, but not limited to, facsimile, telephone, email, United States Mail, or independent package delivery service.
    7. Notice - Any notice required or which may be given under this Agreement shall be in writing and either delivered personally, sent by overnight courier, or mailed by certified mail (return receipt requested) to the addressee. Such notice shall be deemed given when so delivered personally, or, if sent by overnight courier, one (1) business day after the date so sent, or, if mailed by certified mail, three (3) business days after the date of Notices shall be sent to the address of ASSOCIATION or Applicant at the mailing address specified at the beginning of this Agreement or to such other address as any party to this Agreement shall request in writing from the other party to this Agreement.
    8. Jurisdiction; Conflicts of Law - Each party: (1) designates the federal and state courts of competent jurisdiction in Washington D.C., as the exclusive courts of proper jurisdiction and venue of and for any lawsuits or other legal proceedings relating to this Agreement; (2) irrevocably consents to such designation, jurisdiction, and venue; and, (3) waives any objection or defense relating to jurisdiction or venue regarding any lawsuit or other legal proceeding initiated in or transferred to federal and state courts of competent jurisdiction in Washington C.  This Agreement shall be construed under the laws of the District of Columbia without regard to its principles regarding conflicts of laws.
    9. Mutual Binding Arbitration - Applicant and ASSOCIATION agree to the following.
      1. Any claims or controversies which arose before, on, or after the date of this Agreement against each other, SRI, or the present or former officers, directors, employees, agents, or representatives of Applicant and/or ASSOCIATION will agree the results of the arbitration shall be final and binding;
      2. The arbitrator's award need not include factual findings or legal reasoning and;
      3. That their rights to appeal or to seek modification of rulings by the arbitrator is strictly limited.
      4. Applicant and ASSOCIATION shall agree to the arbitrator. If they do not,  ASSOCIATION  shall provide the Applicant with the names of two additional arbitrators, which are members of the American Arbitration Association, of which the Applicant shall select one.
      5. Except for contrary provisions contained in this "Paragraph," Applicant and ASSOCIATION agree that all arbitration shall be governed by the rules of the American Arbitration Association.
    10. Headers - Headers in this Agreement are used for organizational purposes and shall not be interpreted to convey any meaning.
  • Applicant
  • Date Format: MM slash DD slash YYYY
  • Storage Property Association, Inc.
  • Date Format: MM slash DD slash YYYY
  • STORAGE PROPERTY ASSOCIATION, INC

    Membership Agreement

    PARTIES TO THIS AGREEMENT - This Agreement ("Agreement") shall be by and between Storage Property Association, Inc. ("Association"), and Applicant. "Applicant" shall mean itself, its owners, directors, officers, employees, volunteers, and committee members, and any companies which are parents of, subsidiaries of, owned by, agents of, related to, or affiliated with Applicant.

    ADDRESSES OF PARTIES TO THIS AGREEMENT - ASSOCIATION has its principal office at 1333 H Street, N.W., Suite 820E, Washington, D.C. 20005. The Applicant has its principal office at the mailing address listed on the "Sales Application" for Protection Plan, Reinsurance, & Membership or any application which incorporates this Agreement by reference.

    EFFECTIVE DATE OF AGREEMENT - This Agreement shall be effective as of the date that a "Sales Application" for Protection Plan, Insurance, & Membership" is (1) signed by Applicant, and (2) accepted by ASSOCIATION or its authorized representative.

    WHEREAS, ASSOCIATION is an "ASSOCIATION," as defined under District of Columbia law formed to purchase liability insurance on a group basis for its Members to cover the similar or related liability exposure(s) to which the Members of ASSOCIATION are exposed by virtue of their related, similar, or common business or service, and,

    WHEREAS, Applicant desires to become a Member of ASSOCIATION to obtain insurance coverage available exclusively to Members of ASSOCIATION, and,

    WHEREAS, Applicant has signed a "Sales Application" for Protection, Insurance & Membership";

    NOW THEREFORE, in consideration of the mutual promises and covenants herein set forth, and for other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the parties agree:
    1. Acceptance of Terms & Conditions of Membership Agreement - Applicant agrees to become a Member of ASSOCIATION and accept, abide by, and be bound by the terms and conditions of membership detailed in the Articles of Incorporation, Bylaws, and this Agreement, and any changes made to this Agreement after the execution of the "Sales Application" for Protection, Insurance & Membership or application referenced above.
    2. Membership Benefits
      1. Offer of Benefits – Additions, Changes & Discontinuations of Benefits - ASSOCIATION may offer various benefits to its Members. At its sole discretion, and at any time, ASSOCIATION may add, change, or discontinue any benefit programs which it offers to its Members.
      2. Insurance Program - A leading benefit provided to Members of ASSOCIATION is access to a protection or insurance program designed for and available exclusively to Members of ASSOCIATION ("Insurance Program"). The Insurance Program shall be underwritten by Securehold Reinsurance Inc ("SRI"). Applicant agrees that it will accept, abide by, and be bound by the "Terms & Conditions of Insurance" in force as of the effective date of this Agreement.
    3. Rights of Members - Applicant's only rights as a Member of ASSOCIATION shall be to apply for and purchase insurance. The Applicant shall have no other rights as a Member or otherwise regarding ASSOCIATION unless established by the Board of Directors. Without limiting the generality of the foregoing, Applicant shall have no right as a Member of ASSOCIATION or otherwise under: (1) the Articles of Incorporation, Bylaws and any other governing or corporate documents of ASSOCIATION; (2) the general corporate laws of any state, including, but not limited to, any state in which Applicant or ASSOCIATION is domiciled or in which Applicant or ASSOCIATION have operations.
    4. Term & Termination of Membership - Applicant's membership in ASSOCIATION shall commence on the inception date of insurance coverage under the Insurance Program and shall terminate upon: (1) Applicant's written resignation with 30 days notice to ASSOCIATION; (2) Applicant's failure to pay premiums, ASSOCIATION membership fees ("AMF"), other fees, or taxes to ASSOCIATION when due; (3) 30 days written notice of termination sent from ASSOCIATION to Applicant, which ASSOCIATION may give, including, without limitation, any change in Applicant's business which could jeopardize the homogeneity of ASSOCIATION; or, (4) the expiration date of insurance coverage under the Insurance Program
    5. ASSOCIATION Membership Fees (AMFs)
      1. Computation & Amount - Administrator & ASSOCIATION need not disclose the calculation method. The AMF  charged to each  Member shall be within the sole discretion of ASSOCIATION. The AMF will be $25. Payment is required before Member's acceptance into the ASSOCIATION and on the effective date of this Agreement.
      2. Nature & Usage - ASSOCIATION shall retain the AMFs, which  AMFs are not insurance-related,  to fund the operations of the ASSOCIATION. AMFs charges to  Applicant are not charged to Applicant: (1) in exchange for a policy of insurance; (2) in exchange for an Evidence of Insurance ("EOI"); (3) in exchange for an insurance-related service; or, (4) to compensate an insurance agent or broker for services rendered.  AMFs received by ASSOCIATION shall immediately become part of ASSOCIATION's general operating funds,   which public operating funds may be disposed of in ASSOCIATION's business affairs,  as  ASSOCIATION deems appropriate.
      3. Payment Due Prior to Receipt of Policy and/or EOI - Upon purchase and payment of all premiums, fees, and taxes due, ASSOCIATION shall send Applicant, a policy or EOI.
      4. Agreement Not To Bring Claim, Law Suit, or Administrative Action Regarding Amount of AMF - Member waives any right it may have and agrees and warrants it shall never bring a claim, lawsuit, or governmental or administrative proceeding against ASSOCIATION, or SRI based upon the amount it was charged as an AMF in relation to other Members or alleging that the amount it was charged in premiums, fees,  or taxes was arbitrary, capricious, or discriminatory. Each Member shall receive an individually- tailored Quote, and it shall be the decision of each Member as to whether it accepts or rejects said Quote.
      5. Where payment Made - Applicant agrees to pay the premium, AMF, other fees  (if applicable),  State or  Federal taxes and/or surcharges (if applicable) to ASSOCIATION.  ASSOCIATION  shall retain the  AMF,  which  AMF  is not insurance-related,   to fund the operations of the ASSOCIATION.
    Payments should be remitted to:
    Storage Property Association, Inc.
    c/o Tenant Property Protection
    1929 W Lone Cactus Dr, Suite 6
    Phoenix, AZ 85027
    1. Agreement Subject to Change - This Agreement may be amended, modified, or changed at any time at the sole discretion of ASSOCIATION. However, once a policy or EOI has been issued to Applicant, its terms, conditions, and premium will not be changed until the expiration date of coverage unless Applicant's exposures or operations change, as permitted by law.
    2. Entire Agreement & Merger of Previous Agreements - This instrument constitutes the entire Agreement between the parties and supersedes all previous agreements entered into between the parties regarding its subject; and, all such previous agreements, whether oral or written, are merged into this instrument.
    3. Not Assignable - Applicant agrees that its rights under this Agreement are not assignable without the express written consent of ASSOCIATION.
    4. Waivers - Failure by ASSOCIATION to enforce compliance with any term or condition of this Agreement shall not constitute a waiver of such term or condition. No waiver of any breach or default of this Agreement shall be valid unless in writing and signed by ASSOCIATION, and no such waiver shall be deemed a waiver of any subsequent breach or default of the same or similar nature.
    5. Provisions Determined to be Invalid By a Court - Should any section, paragraph, or provision of this Agreement be ruled unenforceable because of the effect of any law, or for any other reason, the remaining provisions herein shall remain unaffected and shall remain binding and enforceable.
    6. Authorization to Receive Advertising Information & Correspondence - Applicant authorizes ASSOCIATION or its representative to send Applicant and any of its employees advertising information and correspondence, whether solicited or unsolicited, via any means of electronic or other communication or telecommunication, including, but not limited to, facsimile, telephone, email, United States Mail, or independent package delivery service.
    7. Notice - Any notice required or which may be given under this Agreement shall be in writing and either delivered personally, sent by overnight courier, or mailed by certified mail (return receipt requested) to the addressee. Such notice shall be deemed given when so delivered personally, or, if sent by overnight courier, one (1) business day after the date so sent, or, if mailed by certified mail, three (3) business days after the date of Notices shall be sent to the address of ASSOCIATION or Applicant at the mailing address specified at the beginning of this Agreement or to such other address as any party to this Agreement shall request in writing from the other party to this Agreement.
    8. Jurisdiction; Conflicts of Law - Each party: (1) designates the federal and state courts of competent jurisdiction in Washington D.C., as the exclusive courts of proper jurisdiction and venue of and for any lawsuits or other legal proceedings relating to this Agreement; (2) irrevocably consents to such designation, jurisdiction, and venue; and, (3) waives any objection or defense relating to jurisdiction or venue regarding any lawsuit or other legal proceeding initiated in or transferred to federal and state courts of competent jurisdiction in Washington C.  This Agreement shall be construed under the laws of the District of Columbia without regard to its principles regarding conflicts of laws.
    9. Mutual Binding Arbitration - Applicant and ASSOCIATION agree to the following.
      1. Any claims or controversies which arose before, on, or after the date of this Agreement against each other, SRI, or the present or former officers, directors, employees, agents, or representatives of Applicant and/or ASSOCIATION will agree the results of the arbitration shall be final and binding;
      2. The arbitrator's award need not include factual findings or legal reasoning and;
      3. That their rights to appeal or to seek modification of rulings by the arbitrator is strictly limited.
      4. Applicant and ASSOCIATION shall agree to the arbitrator. If they do not,  ASSOCIATION  shall provide the Applicant with the names of two additional arbitrators, which are members of the American Arbitration Association, of which the Applicant shall select one.
      5. Except for contrary provisions contained in this "Paragraph," Applicant and ASSOCIATION agree that all arbitration shall be governed by the rules of the American Arbitration Association.
    10. Headers - Headers in this Agreement are used for organizational purposes and shall not be interpreted to convey any meaning.
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