Disclosure Of Compensation Agreements
Dale Group, Inc. (“Dale”) secures and otherwise facilitates the purchase of
insurance coverage for its policyholder clients from a variety of insurance
carriers and group benefits providers (collectively “carriers”) and sometimes
engages the services of other entities in connection with the issuance of such
coverage. In most instances, Dale is primarily compensated for the insurance
brokerage services that it provides to its policyholder clients through
commission payments that are based on the premium charged, and paid for, by the
issuing market for each policy secured for Dale’s clients. The percentage of
these commissions varies by market and policy type.
In addition, Dale has entered into contingent compensation arrangements with
markets based on circumstances, including without limitation, the overall volume
of premiums paid to or policies issued by or through a particular market for
Dale’s clients; the overall growth, persistency and/or retention of the premiums
paid by Dale’s clients to or through a particular market; and, in certain cases,
the profitability of the total premium (i.e., claims history on the coverage)
paid by Dale’s clients to or through a particular market.
Any documentation currently in Dale’s possession evidencing Dale’s current
compensation agreements with the aforementioned carriers is available for all
policyholders’ review at Dale’s offices; however, if those policyholders or
their representatives have any additional questions or require any other
information regarding any of the compensation received by Dale for any its
insurance brokerage services, please do not hesitate for contact your account
executive.