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Commercial Multiple Peril Insurance

The commission ranges set forth below are applicable to all Commercial Multiple Peril Insurance Policies which may include the following coverages: Standard Multiple Peril, All Risk Property, and Business Owners Protection.

The ranges are based on the commissions paid for all Commercial Multiple Peril Insurance Policies to insurance brokers and independent insurance agents placing property and casualty insurance business with AIG Property and Casualty offices situated and issuing insurance policies in the United States. Commissions paid on any particular policy of insurance are based on a variety of factors and there may be dollar amounts or percentage commissions paid that fall outside of the ranges referenced below.

Your insurance broker or independent insurance agent can provide additional information about specific compensation they may receive in connection with the issuance of your policy.

New Business
Low Mid High
16 25 26

Additionally, 90% of commissions paid on products within this line of business fall within the following range.

Low Mid High
18 25 25
Renewal Business
Low Mid High
15 25 26

Additionally, 90% of commissions paid on products within this line of business fall within the following range.

Low Mid High
15 25 25

The commission percentages shown represent business written during the year ending December 31, 2014, and are updated annually. The ranges shown may not reflect historic commission rates for all in force policies and do not include policies issued after December 31, 2014. Transactions with no commission have been eliminated from the data used to prepare these ranges because insurance producers may have received compensation directly from the insured.

AIG Property and Casualty insurance companies may also have reimbursed certain expenses of insurance producers including, but not limited to, advertising and marketing expenses, costs of software and systems upgrades, loss control services, and certain other underwriting expenses. In 2014, these payments were approximately 45% of the total premium placed by these insurance producers during the calendar year.

Puerto Rico Business Only

In addition to the commission percentages reflected above, independent insurance agents in Puerto Rico may also receive contingent compensation on the products listed above for certain eligible policies. Contingent compensation is typically based on criteria such as the volume of new sales, overall production volume, persistency, or overall profitability of the policies placed by the independent insurance agent. In 2014, contingent compensation paid on the eligible policies ranged from 0–1% of the total premium placed by these insurance producers during the calendar year.