COMPENSATION FOR NETWORTH INSURANCE SERVICES

Networth Insurance Services receives compensation through various channels. Primarily, our earnings for placing and managing our clients' insurance policies come from commissions paid by insurance companies. Additionally, Networth Insurance Services may receive compensation in the form of:

Fees

Fees paid by insurance companies or the insured parties. Interest or investment income generated from insurance premiums.

Expense Payments

Payments from insurance companies and other vendors covering:

Educational and professional development programs.

Management and administration of specific binding facilities, including handling associated claims. Attendance at insurance company meetings and events.

Supplemental Commissions


Also known as "profit sharing," "contingent commissions," or "incentive commissions."

Typically tied to factors such as profitability, premium volume, and growth with a carrier.

Administrative and Service Fees

Payments for services provided during the placement process, often across a book of business with a company. Services include premium billing, collection, remittance, credit control, policy document compilation, record retention, and consulting or data analytic services.

Premium Financing Fees

Applicable if Networth Insurance Services is involved in financing a policy.

Networth Insurance Services maintains a commitment to fair and reasonable compensation, viewing it as essential for delivering the highest quality and most efficient insurance services. Our priority is always to promote the best interests of our insured clients. For any inquiries or additional information regarding compensation and other income details, clients are encouraged to reach out to their local NIS representative.