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Remuneration and Other Income |
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Our principal remuneration for the placement and service of
your insurance policy(ies) will be by agency commission, being
a proportion of the premium paid which is allowed to us by
the Insurance Company(ies) for placing insurance with them
as agents of the insurance companies, and/or a fee.
You should be aware that we may receive additional
income from the following sources:
- Interest or Investment Income
earned on insurance premiums.
- Expense Allowances or Reimbursements
from Insurance Companies and other vendors for (a) educational
and professional development programs, (b) managing and
administering certain binding authorities and other similar
facilities, including claims which may arise, and (c) attendance
at insurance company meetings and events, all of which we
believe enable more efficient service and competitive terms
to be provided to those clients for whom we consider the
use of such facilities appropriate.
- Contingent Commissions (sometimes
referred to as "profit sharing") which can be
based on profitability, premium volume, and/or growth. If
any part of your account is on a fee basis, we will not
accept commissions related to your account.
Should any client have questions or desire additional
information about remuneration and other income, please
contact your Agent who will put you in touch with a senior
insurance compliance officer for fulfillment of your request.
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