Property and casualty (P&C)
primary insurers, that is, those companies which have a direct
contractual relationship with the final consumer, commit to making the
following information regarding their links to insurance intermediaries
easily accessible on their company websites:
- Compensation to insurance
intermediaries insurers will explain the applicable elements of
their compensation to intermediaries; including whether salary is
paid, the range of basic commissions paid, and the range of
contingent commissions.
- Ownership and other financing links
to intermediaries insurers will provide information on the kinds of
financing and ownership links they may have with insurance
intermediaries; including direct and indirect ownership, their being
owned by a company that also owns insurance brokerages, and loans
and credit facilities.
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