Russo
Picciurro Maloy,LLC
RPM Insurance Agency
Producer
Compensation Disclosure
The following disclosure is provided pursuant
to Insurance Department Regulation No. 194 (11
NYCRR 30.1 et seq.)
Russo Picciurro Maloy, LLC ("the producer") is
an insurance producer licensed by the State of
New York . Insurance producers are authorized by
their license to confer with insurance purchasers
about the benefits, 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 the producer in any particular transaction
typically involves one or more of these activities.
Compensation will be paid to the producer, based
on the insurance contract the producer sells. Depending
on the insurer(s) and insurance contract(s) the
purchaser selects, compensation will be paid by
the insurer(s) selling the insurance contract or
by another third party. Such compensation may vary
depending on a number of factors, including the
insurance contract(s) and the insurer(s) the purchaser
selects. In some cases, other factors such as the
volume of business a producer provides to an insurer
or the profitability of insurance contracts a producer
provides to an insurer also may affect compensation.
The insurance purchaser may obtain information
about compensation expected to be received by the
producer based in whole or in part on the sale
of insurance to the purchaser, and (if applicable)
compensation expected to be received based in whole
or in part on any alternative quotes presented
to the purchaser by the producer, by requesting
such information from the producer.
