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DocuSign Envelope ID:A4C366A3-F5D9-473B-9218-AF49BCCA02E0 <br /> Wl 1 S <br /> as a result. If wholesalers,underwriting managers or managing general agents have a role in <br /> providing insurance products and services to you,they will also earn and retain compensation for <br /> their role in providing those products and services. If any such parties are corporate parents, <br /> subsidiaries or affiliates of ours,any compensation we or our corporate parents, subsidiaries or <br /> affiliates will receive will be included in the total compensation we disclose to you. If such parties are <br /> not affiliated with us, and if you desire more information regarding the compensation those parties <br /> will receive,please contact us and we will assist you in obtaining this information. <br /> 3.11 In the ordinary course of business we may also receive and retain interest on premiums you <br /> pay from the date we receive the funds until we pay them to the insurers or their intermediaries, or <br /> until we return them to you after we receive such funds. <br /> 3.12 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 products.These <br /> services may include (a) acting as a managing general agent,program manager or in other similar <br /> capacities which give us binding authority enabling us to accept business on their behalf and <br /> immediately provide coverage for a risk; (b) arranging lineslips or similar facilities which enable an <br /> insurer to bind business for itself and other insurers;or (c) managing lineslips for insurers. We may <br /> place your insurance business under such a managing general agent's agreement,binding authority, <br /> lineslip or similar facility when we reasonably consider that these match your insurance <br /> requirements/instructions.When we intend to do so,we shall inform you and disclose the <br /> compensation payable to Willis in connection with the placement of the insurance coverage. <br /> 3.13 Some of our corporate parents, subsidiaries or affiliates may provide reinsurance brokerage <br /> services to insurers with which your Coverages are placed pursuant to their separate agreements with <br /> those insurers and may be compensated by the insurers for these services. <br /> 3.14 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 your <br /> insurance coverages,other parties, such as excess and surplus lines brokers,wholesale brokers, <br /> reinsurance intermediaries,underwriting managers and similar parties (some of which may be owned <br /> in whole or in part by our corporate parents or affiliates),may earn and retain usual and customary <br /> commissions for their role in providing insurance products or services to you under their separate <br /> contracts with insurers or reinsurers. <br /> 3.15 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 which <br /> there is no practicable way of complying with this commitment,we will promptly inform you and <br /> withdraw from the engagement,unless you wish us to continue to provide the Services and provide <br /> your written consent. Please let us know in writing if you have concerns or we will assume that you <br /> understand and consent to our providing our Services pursuant to these terms. <br /> 4.0 Premium and Handling of Funds <br /> 4.1 We will handle any premiums you pay through us and any funds which we receive from <br /> insurers or intermediaries for payment or return to you in accordance with applicable state and <br /> federal insurance laws and regulations and state unclaimed property laws. We may transfer your <br /> funds directly to insurers or to third parties such as wholesale brokers, excess and surplus lines <br /> brokers,or managing general agents to carry out transactions for you. <br /> 4.2 The Foreign Account Tax Compliance Act (FATCA)is a U.S. law aimed at foreign financial <br /> institutions and other financial intermediaries (including insurance companies and intermediaries <br /> Short Form PC Fee Agreement 30 July 2014 Page 4 of 6 <br />