2018-012-E County Mgr - Willis of NC Insurance Brokerage

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DocuSign Envelope ID: AAB342A1- 84D6- 4FD9- BC12- 585C2F446C71 WillisTowers Watson 1,144A Should you elect to move your coverage from NCACC to the conventional market, an additional fee of $12,000 will be charged to cover cost of managing that program. If only a portion of the coverages are moved, the $12,000 additional fee will be allocated based on a mutually agreeable sum. 3.2 Our compensation for the Services does not include federal, state and local sales, use, excise, receipts, gross income and other similar taxes or governmental charges which may be imposed. You are responsible for paying any such taxes or charges (except for taxes imposed on the net income of Willis Towers Watson) now imposed or becoming effective during the Term. In addition to the premium and our compensation, Willis Towers Watson may invoice you for any federal, state and local sales, use, excise or other similar taxes, unless you provide us with a valid tax exemption acceptable to us. 3.3 If a Willis Towers Watson affiliate located outside of North America serves as an intermediary in the placement of your Coverages, it will also earn and retain compensation for providing those services, which compensation is not included in the Fee. 3.4 This Section intentionally left blank. 3.5 Willis Towers Watson is an insurance producer licensed to do business worldwide, including in all 50 states and the District of Columbia, Insurance producers are authorized by their license to work with insurance purchasers and discuss the benefits and terms and conditions of insurance contracts; to offer advice concerning the substantive benefits of particular insurance contracts; to sell insurance; and to obtain insurance for purchasers. The role of an insurance producer in any particular transaction involves one or more of these activities. 3.6 The compensation that will be paid to Willis Towers Watson will vary based on the insurance contract it sells. Depending on the insurer and insurance contract you select, compensation may be paid by the insurer selling the insurance contract or by another third party. Such compensation may be contingent and may vary depending on a number of factors, including the insurance contract and insurer you select. In some cases, other factors such as the volume of business Willis Towers Watson provides to the insurer or the profitability of insurance contracts Willis Towers Watson provides to the insurer also may affect compensation. Willis Towers Watson may accept this compensation in locations where it is legally permissible, and meets standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price you pay for your policies is not affected whether Willis Towers Watson accepts contingent payments or not. If you prefer that we not accept contingent compensation related to your policy, we will request that your insurer(s) exclude your business from their contingent payment calculations. 3.7 Upon request, Willis Towers Watson will provide you with additional information about the compensation Willis Towers Watson expects to receive based in whole or in part on your purchase of insurance, and (if applicable) the compensation expected to be received based in whole or in part on any alternative quotes presented to you. 3.8 To the extent Willis Towers Watson is compensated by commissions paid to us by insurers, they will be earned for the entire policy period at the time we place policies for you. We will be paid the commission percentage stated for the placement of your insurance as indicated, and will receive the same commission percentage for all subsequent renewals of this policy unless we negotiate a different commission percentage with you. 3.9 WillPLACE, a proprietary online tool, provides Willis Towers Watson brokers with access to global placement information so that we can seek to develop solutions for you with appropriate Short Form PC Fee Agreement 5 ]an 2016 Page 3 of 6