What is the minimum amount of automobile liability insurance required for a Remax Sales Associate per occurrence?

of the Franchise or any of its Owners and used at any time for the business of the Franchise. Each such automobile liability insurance policy must be carried in at least the following limit: bodily injury and property damage combined single limits of $1,000,000. The policy must include any auto or owned, hired and non-owned automobile coverage.

In addition, you will be required to ensure that each Sales Associate in your Office obtains automobile liability insurance covering each vehicle used at any time by the Sales Associate for business purposes (the policy must also include any auto or owned, hired and non-owned automobile coverage) and use your best efforts to ensure that each such policy (i) names RE/MAX Holdings, Inc., REMAX, LLC, and RE/MAX Regional (and their respective officers, directors, and employees) as additional insureds; (ii) provides coverage to RE/MAX Holdings, Inc., REMAX, LLC, and RE/MAX Regional on a primary and noncontributory basis; (iii) contains a waiver by the insurance carrier of all subrogation rights against RE/MAX Holdings, Inc., REMAX, LLC and other parties covered by the insurance; (iv) provides the same amount of coverage as you are required to obtain as set forth above; and (v) contains a provision that RE/MAX Holdings, Inc., REMAX, LLC, and RE/MAX Regional receive prior written notice of termination, expiration, cancellation or modification of such policy.

• 1. Workers compensation insurance in amounts prescribed by law. Employer's liability with a limit of $1,000,000 each accident, each occupational disease, and occupational disease aggregate.

Source: Item 8 — Restrictions on Sources of Products and Services (FDD pages 47–53)