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North America producer compensation disclosure

These are exciting times at 麻豆传媒社区. We continue to grow because of our great production partners. The 麻豆传媒社区 value proposition is reflected in our focus of building strong relationships with our partners, developing niche leading products, providing underwriting and claims expertise, as well as excellent service.

麻豆传媒社区 Specialty underwrites property and casualty products for both standard and hard-to-place risks. Our primary product focus is on commercial and personal lines programs.

All of 麻豆传媒社区’s contracted producers receive compensation for placing insurance with our admitted insurance company affiliates. Additional compensation may be offered to encourage producers to market and sell our products, and to maintain a volume of profitable business. An overview of 麻豆传媒社区’s various compensation plans could include:

 

Base commissions (contract commission schedule)

We generally pay producers a fixed commission for business placed with our admitted insurance company affiliates. Commissions are paid on new and renewal policies. This commission is usually a fixed percentage of the policy premium. The percentage varies dependent on line of business and products.

Contingent compensation (profit sharing and bonus commission plans)

Contingent compensation plans generally use specific goals, often in combination, to determine if a producer can qualify for additional compensation after meeting certain criteria. Goals may include, but are not limited to, profitability and volume as defined in the producer contract.

A producer may have separate contingent compensation plans with various programs and/or other 麻豆传媒社区 business units. We evaluate performance against pre-set goals annually. If the producer has met the goals, the payment amount can be a percentage of the earned premium a producer has placed with us for specific types of insurance.

Business production incentives

We can provide producers the opportunity to receive additional compensation for placing specific types of policies with us, helping us pursue new business opportunities with their customers such as book rolls or transfers, or performing additional marketing and advertising duties.

Additional producer incentives

Additional producer incentives could include sales promotions, where gift cards, prizes, or additional commissions are awarded to encourage submissions and placement of new and renewal business with 麻豆传媒社区.

Please note, we may not pay all these types of compensation to a producer who places business with 麻豆传媒社区. For questions on 麻豆传媒社区’s producer compensation plans, please contact your 麻豆传媒社区 sales representative or underwriting contact.

 

Rewards are not transferable to any policyholder. 麻豆传媒社区 Specialty Commercial's insurance products and services are offered through 麻豆传媒社区 Specialty, a business division of 麻豆传媒社区 Service Incorporated. Policies are written by one or more 麻豆传媒社区 insurance companies. Terms and conditions for rate and coverage may vary.