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Russo
Picciurro Maloy,LLC
Compensation Disclosure
Except
in cases where Russo Picciurro Maloy, LLC has a specific fee agreement
to receive compensation from its client, Russo Picciurro Maloy,
LLC customarily receives compensation from insurers for its services
in the form of commissions, which consists of a percentage of
the premium collected by the insurers. In cases where Russo Picciurro
Maloy, LLC is compensated in the form of commissions from insurers,
Russo Picciurro Maloy, LLC may also receive additional compensation,
under agreements with one or more insurers and/or insurance intermediaries,
typically in the form of contingent commissions based on some
combination of volume, profitability and/or other factors.Russo
Picciurro Maloy, LLC may be a party to other compensatory agreements
with one or more of the insurers or insurance intermediaries with
or through which Russo Picciurro Maloy, LLC places your insurance.
Russo
Picciurro Maloy, LLC may receive fees from premium finance transactions
and may also earn interest from financial institutions that is
paid to Russo Picciurro Maloy, LLC on fiduciary or trust accounts
in which Russo Picciurro Maloy, LLC holds your premium payments
pending remittance to the insurance company.
If
a wholesale broker is involved in any portion of the placement,
the wholesale broker would be entitled to additional commissions
and fees. Russo Picciurro Maloy, LLC may or may not be affiliated
with or receive compensation from these wholesale brokers.
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