Life and Health, a division of Affinity Insurance Services, Inc., exclusively offers your Association's Insurance Program as an agent of the Insurance Company and provides administrative services that may include the following: program marketing, underwriting, policy management, billing, risk management and client services on its behalf.
As compensation for the services described above, Affinity Insurance Services, Inc. receives a percentage of your paid premium as commission for marketing and administrative services. For mid-term premium bearing coverage endorsements and renewal policies, Affinity Insurance Services, Inc. is compensated at the same levels as the initial policy commission, unless we notify you otherwise.
The percentage of your paid premium received by Affinity Insurance Services, Inc. is broken down by product as follows:
Disability Insurance: 25.0% Level Term Life Insurance: 25.0% Dental Insurance: 20.0%
Other than the commissions described in the preceding paragraph, Affinity Insurance Services, Inc. will receive no other compensation from the insurer and there will be no other fees or charges to you.
In addition, premiums paid by Clients to Affinity Insurance Services, Inc. for remittance to insurers, Client refunds and claim payments paid to Affinity Insurance Services, Inc. by insurance companies for remittance to Clients are deposited into fiduciary accounts in accordance with applicable insurance laws until they are due to be paid to the insurance company or Client. Subject to such laws and the applicable insurance company's consent, where required, Affinity Insurance Services, Inc. will retain the interest or investment income earned while such funds are on deposit in such accounts.Aon Corporation, our ultimate parent company, and its affiliates have from time to time sponsored and invested in insurance and reinsurance companies. While we generally undertake such activities with a view to creating an orderly flow of capacity for our clients, we also seek an appropriate return on our investment. These investments, for which Aon is generally at-risk for potential price loss, typically are small and range from fixed-income to common stock transactions. In such case, the gains or losses we make through our investments could potentially be linked, in part, to the results of treaties or policies transacted with you. Please visit the Aon website at www.aon.com/market_relationships for a current listing of insurance and reinsurance carriers in which Aon Corporation and its affiliates hold any ownership interests.
Contracts and Agreements
Aon Corporation's operating affiliates are parties to numerous agreements with many insurance and reinsurance companies,
including companies from which our clients have purchased insurance or reinsurance. Please visit
www.aon.com/market_relationships for more detail on these agreements.
Your signature on your application, check, and/or authorization for payment of your premium, will be deemed to signify
your consent to and acceptance of the terms and conditions including the compensation, as disclosed above, that is to be
received by Affinity Insurance Services, Inc.