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Fire Insurance

The commission ranges set forth below are applicable to all Fire Insurance Policies, which may include the following coverages: Excess Crime, Boiler and Machinery, Difference in Coverage, Standard Multiple Peril, Commercial Property, Personal Property, Wind, Builders Risk, and Warehouse Legal.

The ranges are based on the commissions paid for all Fire 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
10 22 26

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

Low Mid High
15 22 25
Renewal Business
Low Mid High
10 25 25

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.

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 0–18% of the total premium placed by these insurance producers during the calendar year.

Independent insurance agents in Puerto Rico may also have been reimbursed certain underwriting expenses. In 2014 these payments were approximately 1% of the total premium placed by these independent insurance agents during the calendar year.