Reso 2006-987 - Laserfiche WebLink

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IMPORTANT NOTICE This proposal is based upon the exposures to loss made known to the Agency" Any changes in these exposures (i.e., new operations, new products, additional states of hire, etc") need to be promptly reported to us in order that proper coverage(s) may be put into place" We ask that you not accept this brief description of the coverage provided as a full explanation of the terms and conditions of the policies discussed in this proposal. For a full understanding of the scope of coverage, terms, exceptions and conditions please refer to the actual policy document wordings. In addition to the commissions or fees received by us for assistance with the placement, servicing, claims handling, or renewal of your insurance coverages, other parties, such as excess and surplus lines brokers, wholesale brokers, reinsurance intermediaries, underwriting managers and similar parties, some of which may be owned in whole or in part by Brown & Brown, Inc., may also receive compensation for their role in providing insurance products or services to you pursuant to their separate contracts with insurance or reinsurance carriers" Additionally, it is possible that we, or our corporate parents or affiliates, may receive contingent payments or allowances from insurers based on factors which are not client-specific, such as the performance and/or size of an overall book of business produced with an insurer. We generally do not know if such a contingent payment will be made by a particular insurer, or the amount of any such contingent payments, until the underwriting year is closed. We may also receive invitations to programs sponsored and paid for by insurance carriers to inform brokers regarding their products and services, including possible participation in company-sponsored events such as trips, seminars, and advisory council meetings, based upon the total volume of business placed with the carrier you select. We may, on occasion, receive loans or credit from insurance companies. Additionally, in the ordinary course of our business, we may receive and retain interest on premiums you pay from the date we receive them until the date the premiums are remitted to the insurance company or intermediary. In the event that we assist with placement and other details of arranging for the financing of your insurance premium, we may also receive a fee from the premium finance company. Wholesale Broker/Managing General Agent: Horan Goldman of Florida This intermediary is not owned in whole or part by Brown & Brown, Inc., the parent company of Brown & Brown Miami. Brown & Brown entities operate independently and are not required to utilize other companies owned by Brown & Brown, Inc. In addition to providing access to the insurance company, the Wholesale Insurance Broker/ Managing General Agent may provide additional services including, but not limited to: underwriting; loss control; risk placement; coverage review; claims coordination with insurance company; and policy issuance. The compensation received by the Wholesale Insurance Broker/Managing General Agent for the services above is based upon commission. The commission for the services above is typically in the range of 5% to 15% of policy premium. Should you have any questions, or require any additional information, please contact this office. If for any reason you prefer not to contact this office, you can submit a report concerning any 11