Our optional compensation disclosure form (PDF, 97KB) can help you keep compliant records. If you decide to use our form, remember:
If the only compensation you receive is a commission from an insurer -
There is no need to complete a compensation disclosure form.
If the only compensation you receive is from the fee being charged (you do not receive any commission) -
Complete Part 1 of the form.
If you charge a fee and receive a commission from an insurer -
Complete Part 2 of the form.
If you charge a fee, receive an initial commission and could possibly receive contingent commissions in the form of awards, bonuses, etc. -
Complete Parts 2 and 3 of the form.
Always make sure both the writing producer and the insured/client sign and date the form. The completed form should be retained by the writing producer for five years.