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.