Orange County NC Website
Browse       Search
DocuSign Envelope ID:A4C366A3-F5D9-473B-9218-AF49BCCA02E0 <br /> W1 I S <br /> policy period. Willis will provide you with accurate information to the best of our <br /> knowledge when information is presented to you, but it is possible that compensation <br /> arrangements may change over time. We will update you on any changes to our <br /> compensation prior to your renewal, and will do so at any time upon your request. <br /> As an insurance intermediary, we normally act for you. However, we or our corporate <br /> parents, subsidiaries or affiliates may provide services to insurers for some insurance <br /> products. These services may include (a) acting as a managing general agent, program <br /> manager or in other similar capacities which give us binding authority enabling us to <br /> accept business on their behalf and immediately provide coverage for a risk; (b) <br /> arranging lineslips or similar facilities which enable an insurer to bind business for itself <br /> and other insurers; or (c) managing lineslips for insurers. Contracts with these insurers <br /> may grant us certain rights or create certain obligations regarding the marketing of <br /> insurance products provided by the insurers. <br /> We may place your insurance business under such a managing general agent's <br /> agreement, binding authority, lineslip or similar facility when we reasonably consider <br /> that these match your insurance requirements/instructions. When we intend to do so, we <br /> shall inform you and disclose the compensation payable to Willis in connection with the <br /> placement of the insurance coverage. <br /> We may also provide reinsurance brokerage services to insurers with which your <br /> coverage is placed pursuant to separate agreements with those insurers. We may be <br /> compensated by the insurers for these services in addition to any commissions we may <br /> receive for placement of your insurance coverages. <br /> Subsidiaries of Willis North America Inc are members of a major international group of <br /> companies. In addition to the commissions received by us from insurers for placement of <br /> your insurance coverages, other parties, such as excess and surplus lines brokers, <br /> wholesale brokers, reinsurance intermediaries, underwriting managers and similar parties <br /> (some of which may be owned in whole or in part by our corporate parents or affiliates), <br /> may earn and retain usual and customary commissions for their role in providing <br /> insurance products or services to you under their separate contracts with insurers or <br /> reinsurers. <br /> The insurance market is complex, and there could be other relationships which are not <br /> described in this document which might create conflicts of interest. If a conflict arises for <br /> which there is no practicable way of complying with this commitment, we will promptly <br /> inform you and withdraw from the engagement, unless you wish us to continue to <br /> provide the services and provide your written consent. Please let us know in writing if <br /> you have concerns or we will assume that you understand and consent to our providing <br /> our services pursuant to these terms. <br /> The Foreign Account Tax Compliance Act (FATCA) is a U.S. law aimed at foreign <br /> financial institutions and other financial intermediaries (including insurance companies <br /> and intermediaries such as brokers) to prevent tax evasion by U.S. citizens and residents <br /> US Retail Conditions Page 6 of 10 30 July 2014 <br />