Fine-Print Crap From Farmers Insurance Group

So, Farmers Insurance Group tells me that by paying my premium I am acknowledging that I "understand and
agree to all the terms and conditions of the Subscription Agreement."
And here's how the Agreement, which I must acknowledge understanding, begins. This is all one sentence (I have put a line break at each comma):

For and in consideration of the benefits to be derived therefrom the subscriber covenants and agrees with Farmers Insurance Exchange and other subscribers thereto through their and each of their attorney-in-fact,
the Farmers Underwriters Association,
to exchange with all other subscribers' policies of insurance or reinsurance containing such terms and conditions therein as may be specified by said attorney-in-fact and approved by the Board of Governors or its Executive Committee for any loss insured against,
and subscriber hereby designates,
constitutes and appoints Farmers Underwriters Association to be attorney-in-fact for subscriber,
granting to it power to substitute another in its place,
and in subscriber's name,
place and stead to do all things which the subscriber or subscribers might or could do severally or jointly with reference to all policies issued,
including cancellation thereof,
collection and receipt of all monies due the Exchange from whatever source and disbursement of all loss and expense payments,
effect reinsurance and all other acts incidental to the management of the Exchange and the business of interinsurance;
subscriber further agrees that there shall be paid to said Association, as compensation for its becoming and acting as attorney-in-fact,
the membership fees and twenty per centum of the Premium Deposit for the insurance provided and twenty per centum of the premiums required for continuance thereof.

And insurance companies wonder why they have a reputation for obfuscation.