Common use of Paying by commission Clause in Contracts

Paying by commission. This payment method is only available for general insurance products. If you pay by commission we will normally receive commission on the sale from the product provider. Although you pay nothing to us up front, that does not mean our service is free – you still pay us indirectly through product charges. These charges pay for the product provider’s own costs, along with any commission. Commission normally increase the premium that you pay. If you buy direct the product charges could be the same as when buying through an adviser, but they could also come in higher or lower. The amount of commission we receive will vary depending on the amount of your premium and (sometimes) the length of the policy term. You will receive a quotation which tells you about any other fees relating to any particular insurance policy.

Appears in 7 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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