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2024-731-E-Risk Mgr-Alliant Insurance Services-Broker Services
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2024-731-E-Risk Mgr-Alliant Insurance Services-Broker Services
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Last modified
11/26/2024 3:18:19 PM
Creation date
11/26/2024 3:18:07 PM
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Contract
Date
11/21/2024
Contract Starting Date
11/21/2024
Contract Ending Date
11/21/2024
Contract Document Type
Contract
Amount
$62,500.00
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3. Other Alliant Services. <br />(a) Alliant Specialty Insurance Services (ASIS). In addition to the <br />COMPENSATION that ALLIANT receives, its related entity, <br />Alliant Specialty Insurance Services (ASIS) and its underwriting <br />operations, Alliant Underwriting Services (AUS), may receive <br />compensation from ALLIANT and/or carriers for providing <br />underwriting services. The financial impact of the compensation <br />received by ASIS is a cost included in the premium. Compensation <br />received by ASIS will be disclosed in writing to CLIENT and is <br />agreed to by CLIENT as part of the premium. CLIENT further <br />acknowledges that ALLIANT and ASIS maintain an arm’s length <br />relationship. CLIENT understands that while ALLIANT represents <br />CLIENT as an individual entity, ASIS independently administers its <br />program as a whole and not on behalf of any particular member. <br />(b) Alliant Business Services (ABS). Additionally, ALLIANT’S <br />internal operating group, Alliant Business Services (ABS), may <br />receive compensation from ALLIANT and/or carriers for providing <br />designated, value-added services. Services contracted for by the <br />CLIENT directly will be invoiced accordingly. Otherwise, services <br />will be provided at the expense of ALLIANT and/or the carrier. <br />VI. TAXES & FEES, THIRD PARTY BROKERS AND INDIRECT <br />INCOME. <br />A. Surplus Lines Fees and Taxes. In certain circumstances, placement of <br />insurance services made by ALLIANT on behalf of CLIENT, with the prior <br />approval of CLIENT, may require the payment of surplus lines assessments, <br />taxes, and/or fees to state regulators, boards, and associations. Such <br />assessments, taxes, and/or fees will be charged to CLIENT and identified <br />separately on invoices covering these placements. CLIENT shall be <br />responsible for all such assessments, taxes, and fees, whether or not <br />separately invoiced. ALLIANT shall not be responsible for the payment of <br />any such fees, taxes, or assessments, except to the extent such fees, taxes or <br />assessments have already been collected from CLIENT. <br />B. Third Party Brokers. ALLIANT may determine from time to time that it <br />is necessary or appropriate to utilize the services of third party brokers (such <br />as surplus lines brokers, underwriting managers, London market brokers, <br />and reinsurance brokers) to assist in marketing the CLIENT insurance <br />PROGRAM. Subject to the provisions herein, these third party brokers may <br />be affiliates of ALLIANT (e.g., other companies of ALLIANT that provide <br />services other than those included within the SCOPE OF SERVICES of this <br />AGREEMENT), or may be unrelated third party brokers. Compensation to <br />such third party brokers will not be part of ALLIANT’S FEE. <br />C. Indirect Income. “INDIRECT INCOME” means insurance carrier <br />contingency arrangements. ALLIANT will accept these compensation <br />Docusign Envelope ID: 900D8F9B-814C-40AE-852C-9F135EC6ECAE
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