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.
