1. Parties: Identifies the fronting insurer and the reinsurer/backed insurer, including their legal status and regulatory authorizations
2. Background: Explains the context of the agreement, including the purpose of the fronting arrangement and regulatory framework
3. Definitions: Defines key terms used throughout the agreement, including technical insurance and regulatory terms
4. Scope of Agreement: Outlines the insurance programs covered, territories, and types of risks included in the fronting arrangement
5. Duties and Responsibilities: Details the obligations of both parties, including underwriting, claims handling, and reporting requirements
6. Premium and Commission Structure: Specifies the premium handling, commission arrangements, and payment terms
7. Risk Transfer and Reinsurance: Details the reinsurance arrangement, including retention limits and risk transfer mechanisms
8. Regulatory Compliance: Addresses compliance with Philippine insurance laws, reporting requirements, and regulatory filings
9. Claims Management: Establishes procedures for claims handling, settlement authority, and claims reporting
10. Security and Collateral: Specifies any required collateral or security arrangements to support the fronting relationship
11. Accounting and Reporting: Details financial reporting requirements, accounting procedures, and reconciliation processes
12. Term and Termination: Specifies the duration of the agreement and conditions for termination
13. Representations and Warranties: Contains standard and specific representations by both parties
14. Governing Law and Dispute Resolution: Specifies Philippine law as governing law and sets out dispute resolution procedures
15. General Provisions: Includes standard contractual provisions such as notices, amendments, and assignment
