Common use of Your Liability for Tax Clause in Contracts

Your Liability for Tax. JLT is not a tax adviser and consequently makes no representation to you as to your liability or otherwise for tax on any sums that may be paid to you under a contract of insurance. Any information or calculations that JLT provides about insurance, regulatory or tax issues are based on publicly available information and JLT’s experience derived from involvement in similar matters for other clients. In all instances, JLT recommends that you seek your own advice on such matters from professional legal and tax advisers. It is your obligation to make declarations in respect of, and to account to any relevant revenue authority for, all insurance proceeds. Our Remuneration Subject to any more specific term separately agreed in writing, our remuneration is based on brokerage which is payable out of premium paid by you and allowed by the insurer(s) with whom your cover is arranged. On occasion, we may be remunerated by both brokerage and a fee (“Engagement Fee”). Where we are to be remunerated by an Engagement Fee, this Agreement will still apply, but in addition we will agree with you the level of the Engagement Fee and any other matters such as the term of our engagement. You will be responsible to us for the payment of all such Engagement Fees. In this connection, JLT may be paid separately by insurers a fee for risk management services related to your cover or be paid a fee for claims preparation or additional claim services. If the services we provide include the standard claims handling service on your behalf, as instructed by you (which ranges from the engagement of the insurer’s adjuster to the preparation and submission of claims documents unless both parties subsequently agree otherwise in writing), our remuneration for the claims handling services is included in our remuneration for brokerage services. Where the claim involves any loss amount exceeding US$1,000,000, you will agree to engage our Claims Solutions team with expertise and resources outside of the normal claims handling servicing team. In such circumstances you agree to take all reasonable steps to have JLT’s fees for such work (up to the limit of such coverage) paid by the respective insurers, pursuant to the “Claims Preparation Costs” clause or any other clause in your insurance policy (if any) that allows indemnification of reasonable professional fees payable to claims preparers (including but not limited to fees of accountants, insurance brokers, business interruption specialists and valuers) and such other reasonable expenses necessarily incurred for the preparation, presentation and negotiation of claims and proving loss. We shall submit time sheets stating actual hours of work. Fees shall be charged per quarter of an hour. The applicable hourly rate is stated in the applicable JLT’s table of fees. Any fees payable for the foregoing services shall not exceed the amount recoverable by you under the policy. Brokerage and/or Engagement Fees are fully earned when you instruct us to bind cover for your policy. There will be no return or cancellation of Engagement Fees and/or brokerage once you have instructed us to bind cover for your policy notwithstanding that the policy is later varied, terminated or otherwise cancelled and we are entitled to retain or recover from you all Engagement Fees and/or brokerage (or its equivalent) in respect of the full policy period. In the event that an insurance program is placed by JLT for you, JLT shall be compensated for its services through commissions from insurers based on a percentage of the premium paid (the "Commission"), subject to the following:

Your Liability for Tax. JLT is not a tax adviser and consequently makes no representation to you as to your liability or otherwise for tax on any sums that may be paid to you under a contract of insurance. Any information or calculations that JLT provides about insurance, regulatory or tax issues are based on publicly available information and JLT’s experience derived from involvement in similar matters for other clients. In all instances, JLT recommends that you seek your own advice on such matters from professional legal and tax advisers. It is your obligation to make declarations in respect of, and to account to any relevant revenue authority for, all insurance proceeds. Our Remuneration Subject to any more specific term separately agreed in writing, our remuneration is based on brokerage which is payable out of premium paid by you and allowed by the insurer(s) with whom your cover is arranged. On occasion, we may be remunerated by both brokerage and a fee (“Engagement Fee”). Where we are to be remunerated by an Engagement Fee, this Agreement will still apply, but in addition we will agree with you the level of the Engagement Fee and any other matters such as the term of our engagement. You will be responsible to us for the payment of all such Engagement Fees. In this connection, JLT may be paid separately by insurers a fee for risk management services related to your cover or be paid a fee for claims preparation or additional claim services. If the services we provide include the standard claims handling service on your behalf, as instructed by you (which ranges from the engagement of the insurer’s adjuster to the preparation and submission of claims documents unless both parties subsequently agree otherwise in writing), our remuneration for the claims handling services is included in our remuneration for brokerage services. Where the claim involves any loss amount exceeding US$1,000,000, you will agree to engage our Claims Solutions team with expertise and resources outside of the normal claims handling servicing team. In such circumstances you agree to take all reasonable steps to have JLT’s fees for such work (up to the limit of such coverage) paid by the respective insurers, pursuant to the “Claims Preparation Costs” clause or any other clause in your insurance policy (if any) that allows indemnification of reasonable professional fees payable to claims preparers (including but not limited to fees of accountants, insurance brokers, business interruption specialists and valuers) and such other reasonable expenses necessarily incurred for the preparation, presentation and negotiation of claims and proving loss. We shall submit time sheets stating actual hours of work. Fees shall be charged per quarter of an hour. The applicable hourly rate is stated in the applicable JLT’s table of fees. Any fees payable for the foregoing services shall not exceed the amount recoverable by you under the policy. Brokerage and/or Engagement Fees are fully earned when you instruct us to bind cover for your policy. There will be no return or cancellation of Engagement Fees and/or brokerage once you have instructed us to bind cover for your policy notwithstanding that the policy is later varied, terminated or otherwise cancelled and we are entitled to retain or recover from you all Engagement Fees and/or brokerage (or its equivalent) in respect of the full policy period. In the event that an insurance program is placed by JLT for you, JLT shall be compensated for its services through commissions from insurers based on a percentage of the premium paid (the "Commission"), subject to the following:

Your Liability for Tax. JLT Marsh is not a tax adviser and consequently makes no representation to you as to your liability or otherwise for tax on any sums that may be paid to you under a contract of insurance. Any information or calculations that JLT Marsh provides about insurance, regulatory or tax issues are based on publicly available information and JLT’s Xxxxx’x experience derived from involvement in similar matters for other clients. In all instances, JLT Marsh recommends that you seek your own advice on such matters from professional legal and tax advisers. It is your obligation to make declarations in respect of, and to account to any relevant revenue authority for, all insurance proceeds. Our Remuneration Subject to any more specific term separately agreed in writing, our remuneration is based on brokerage which is payable out of premium paid by you and allowed by the insurer(s) with whom your cover is arranged. On occasion, we may be remunerated by both brokerage and a fee (“Engagement Fee”). Where we are to be remunerated by an Engagement Fee, this Agreement will still apply, but in addition we will agree with you the level of the Engagement Fee and any other matters such as the term of our engagement. You will be responsible to us for the payment of all such Engagement Fees. In this connection, JLT Marsh may be paid separately by insurers a fee for risk management services related to your cover or be paid a fee for claims preparation or additional claim services. If the services we provide include the standard claims handling service on your behalf, as instructed by you (which ranges from the engagement of the insurer’s adjuster to the preparation and submission of claims documents unless both parties subsequently agree otherwise in writing), our remuneration for the claims handling services is included in our remuneration for brokerage services. Where the claim involves any loss amount exceeding US$1,000,000, you will agree to engage our Claims Solutions team with expertise and resources outside of the normal claims handling servicing team. In such circumstances you agree to take all reasonable steps to have JLT’s fees for such work (up to the limit of such coverage) paid by the respective insurers, pursuant to the “Claims Preparation Costs” clause or any other clause in your insurance policy (if any) that allows indemnification of reasonable professional fees payable to claims preparers (including but not limited to fees of accountants, insurance brokers, business interruption specialists and valuers) and such other reasonable expenses necessarily incurred for the preparation, presentation and negotiation of claims and proving loss. We shall submit time sheets stating actual hours of work. Fees shall be charged per quarter of an hour. The applicable hourly rate is stated in the applicable JLT’s table of fees. Any fees payable for the foregoing services shall not exceed the amount recoverable by you under the policy. Brokerage and/or Engagement Fees are fully earned when you instruct us to bind cover for your policy. There will be no return or cancellation of Engagement Fees and/or brokerage once you have instructed us to bind cover for your policy notwithstanding that the policy is later varied, terminated or otherwise cancelled and we are entitled to retain or recover from you all Engagement Fees and/or brokerage (or its equivalent) in respect of the full policy period. In the event that an insurance program is placed by JLT Marsh for you, JLT Marsh shall be compensated for its services through commissions from insurers based on a percentage of the premium paid (the "Commission"), subject to the following: