Common use of How we are paid Clause in Contracts

How we are paid. 2.1. In most cases we are paid by commission from the insurer but in some circumstances, we may charge you a fee instead of commission or a combination of both. We may also receive an additional ‘UK brokerage’ commission on certain policy placements, which will be retained by Xxxxx Commercial – any arrangements we have with you for the rebating of commission will not apply to this fixed brokerage. 2.2. We receive payments from insurers for providing consulting, data analytics and other services. These services are designed to:  improve the range of products we can offer to our clients  help insurers to identify new opportunities; and  make insurers more efficient 2.3. The scope and nature of these services vary. A list of insurers who pay us for consulting services is available at xxxxx://xxx.xxxxxxxxxxxxxxx.xx.xx/info/transparency. 2.4. In addition to commission payments and/or client fees, we may also receive remuneration for certain consultancy, administrative and other services provided to insurers (e.g. risk management services or claims preparation) or income derived from the arrangement of finance (see section 4 – Premium financing) or other services with third party suppliers. 2.5. We will also make individual client administration charges per policy (up to a maximum of 3 policies, per policy period) to cover the costs associated with administering your insurances – e.g. arranging a new policy, carrying out short-period or mid-term cancellations, mid-term changes, providing replacement or duplicate documents and for other administrative tasks. We will advise you of the amount of fee before you become liable to paying it. Individual charges will not be made in relation to employee benefit-related products. 2.6. If you make a change, or cancel your policy mid-term which results in a return of premium, we will retain any commission and/or fee amount to cover our administration and advisory costs. This amount will be specified to you during the transaction process. 2.7. If you would like details of how much commission we earn for arranging your policy, please let us know. If you have any questions, issues or concerns regarding how we are paid, then please contact a member of your Xxxxx Commercial service team. Alternatively, you may send an email to: xxxxxxxxxx.xxxxxxxxxx@xxxxxxxxxxxxxxx.xx.xx

How we are paid. 2.1. In most cases we are paid by commission from the insurer but in some circumstances, we may charge you a fee instead of commission or a combination of both. We may also receive an additional ‘UK brokerage’ commission on certain policy placements, which will be retained by Xxxxx Commercial – any arrangements we have with you for the rebating of commission will not apply to this fixed brokerage. 2.2. We receive payments from insurers for providing consulting, data analytics and other services. These services are designed to:  • improve the range of products we can offer to our clients  clients; • help insurers to identify new opportunities; and  • make insurers more efficient. 2.3. The scope and nature of these services vary. A list of insurers who pay us for consulting services is available at xxxxx://xxx.xxxxxxxxxxxxxxx.xx.xx/info/transparency. 2.4. In addition to commission payments and/or client fees, we may also receive remuneration for certain consultancy, administrative and other services provided to insurers (e.g. risk management services or claims preparation) or income derived from the arrangement of finance (see section 4 – Premium financing) or other services with third party suppliers. 2.5. We will also make individual client administration charges per policy (up to a maximum of 3 policies, per policy period) to cover the costs associated with administering your insurances – e.g. arranging a new policy, carrying out short-period or mid-term cancellations, mid-term changes, providing replacement or duplicate documents and for other administrative tasks. .. We will advise you of the amount of fee before you become liable to paying it. Individual charges will not be made in relation to employee benefit-related products. 2.6. If you make a change, or cancel your policy mid-term which results in a return of premium, we will retain any commission and/or fee amount to cover our administration and advisory costs. This amount will be specified to you during the transaction process. 2.7. If you would like details of how much commission we earn for arranging your policy, please let us know. If you have any questions, issues or concerns regarding how we are paid, then please contact a member of your Xxxxx Commercial service team. Alternatively, you may send an email to: xxxxxxxxxx.xxxxxxxxxx@xxxxxxxxxxxxxxx.xx.xx

How we are paid. 2.1. In most cases we are paid by commission from the insurer but in some circumstances, we may charge you a fee instead of commission or a combination of both. We may also receive an additional ‘UK brokerage’ commission on certain policy placements, which will be retained by Xxxxx Commercial – − any arrangements we have with you for the rebating of commission will not apply to this fixed brokerage. 2.2. We receive payments from insurers for providing consulting, data analytics and other services. These services are designed to:  • improve the range of products we can offer to our clients  clients; • help insurers to identify new opportunities; and  • make insurers more efficient. 2.3. The scope and nature of these services vary. A list of insurers who pay us for consulting services is available at xxxxx://xxx.xxxxxxxxxxxxxxx.xx.xx/info/transparencyhttps:ƒƒwww.marshcommercial.co.ukƒinfoƒtransparency. 2.4. In addition to commission payments and/or andƒor client fees, we may also receive remuneration for certain consultancy, administrative and other services provided to insurers (e.g. risk management services or claims preparation) or income derived from the arrangement of finance (see section 4 – − Premium financing) or other services with third party suppliers. 2.5. We will also make individual client administration charges per policy (up to a maximum of 3 policies, per policy period) to cover the costs associated with administering your insurances – − e.g. arranging a new policy, carrying out short-period short−period or mid-mid− term cancellations, mid-term changes, providing replacement or duplicate documents and for other administrative tasks. If you make mid−term changes to your policy, a charge will only apply to the third and each subsequent policy change during the policy period. We will advise you of the amount of fee before you become liable to paying it. Individual charges will not be made in relation to employee benefit-related benefit−related products. 2.6. If you make a change, or cancel your policy mid-term mid−term which results in a return of premium, we will retain any commission and/or andƒor fee amount to cover our administration and advisory costs. This amount will be specified to you during the transaction process. 2.7. If you would like details of how much commission we earn for arranging your policy, please let us know. If you have any questions, issues or concerns regarding how we are paid, then please contact a member of your Xxxxx Commercial service team. Alternatively, you may send an email to: xxxxxxxxxx.xxxxxxxxxx@xxxxxxxxxxxxxxx.xx.xxxxxxxxxxxxxxxxx@xxxxx.xxx.

How we are paid. 2.1. In most cases we are paid by commission from the insurer but in some circumstances, we may charge you a fee instead of commission or a combination of both. We may also receive an JIB Combined Commercial SM Ei – Au gust 2018 Page 1 of 6 additional ‘UK brokerage’ commission on certain policy placements, which will be retained by Xxxxx Commercial Xxxx – any arrangements we have with you for the rebating of commission will not apply to this fixed brokerage. 2.2. We receive payments from insurers for providing consulting, data analytics and other services. These services are designed to:  improve the range of products we can offer to our clients clients;  help insurers to identify new opportunities; and  make insurers more efficient. 2.3. The scope and nature of these services vary. A list l i st of insurers who pay us for consulting services is i s available at xxxxx://xxx.xxxxxxxxxxxxxxx.xx.xx/info/transparencyon request by writing to markets@jel xxxxxx.xxx. 2.4. In addition to commission payments and/or client cl ient fees, we may also receive remuneration for certain consultancy, administrative and other services provided to insurers (e.g. risk ri sk management services or claims preparation) or income derived from the arrangement of finance (see section 4 – Premium financing4) or other services with third party suppliers. 2.5. We will also make individual client administration charges of up to £100 per policy (up to a maximum of 3 policies, per policy period) to cover the costs associated with administering your insurances – e.g. e. g. arranging a new policy, carrying out short-short- period or mid-term cancellations, mid-term changes, providing replacement or duplicate documents and for other administrative tasks. If you make mid-term changes to your policy, a charge of up to £25 will apply to the third and each subsequent policy change during the policy period. We will advise you of the amount of fee before you become liable to paying it. Individual charges will not be made in relation to employee benefit-related products. 2.6. If you make a change, or cancel your policy mid-term which results in a return of premium, we will retain any commission commissi on and/or fee amount to cover our administration and advisory costs. This amount will be specified to you during the transaction process. 2.7. If you would like l ike details of how much commission we earn for arranging your policy, please let us know. If you have any questions, issues or concerns regarding how we are paid, then please contact a member of your Xxxxx Commercial service team. Alternatively, you may send an email to: xxxxxxxxxx.xxxxxxxxxx@xxxxxxxxxxxxxxx.xx.xx.