Five Star Insurance Brokers.  

Five Star Insurance Brokers Ltd.

JAN 01/2010 ONTARIO REGULATION 410/04 DISCLOSURE STATEMENT

RE: Five Star Insurance Brokers Ltd.

Compliance with regulation 410/04

Changes to the regulations governing insurance brokers require that we make certain disclosures to you our clients and members of the public that we deal with.

1.There is no direct or indirect ownership interest of any kind in our brokerage by an insurer or by us in an insurer.
2.We hold no common ownership of another brokerage or an insurer by a financial conglomerate or other holding company or group of companies.
3.We have no loans, credit facilities or other financial relationships with any other insurer or broker which influences us in the placement of insurance policies.
4.We have no financial or non-financial network affiliation.
5.We are brokers with multiple markets and do not have one market or exclusive contracts only.
6.We are not under any volume or mix of business requirements.
7.We have and will have various contractual relationships with various carriers from time to time, which may include the carrier we have placed you with, that provide for payment of contingent commissions. In order for us to maintain strong relationships with quility insurers we work with each to provide the type of business they desire. Payment of this contingent commission depends on a combination of growth, profitability, volume, retention and increased services that we provide on behalf of the insurer. It is based on our entire portfolio of business with that insurer and not on individual policies. Contingent commission is not guaranteed.
8.We may also from time to time with any one or more of our carriers represented at that time, receive sales incentives such as trips or prizes or some other form of reward for contests or sales incentives held by the insurers we represent.
9 Bdicorp.net domain is property of five star insurance brokers.On website We refer Business development insurance which is also known as accounts receivable insurance or trade insurance.
For further information with regard to these items or any other questions you may have please contact the undersigned.


Five Star Insurance Brokers Ltd.

Brokerage compensation

Brokerage compensation is part of the insurance premium you pay. For your benefit, we have listed below the Insurers that we represent and have included the range of compensation each provides as a percentage of your total premium.

Aviva Dominion of Canada Economical Mutual
Intact Wawanesa Lombard
Markel Axa Sovereign General
Chieftain Nordic Facility Auto Pafco
Royal & Sun Alliance Western Assurance Zurich

Auto coverages 7.5% to 12.5%
Property coverages 15% to 20%
Liability coverages 10% to 20%

There are also occasions when because of market capacity we will place coverage with other insurance brokers, intermediaries or insurers with whom we do not have a contractual relationship. Commissions are paid on these placements and can be declared to you on a case by case basis, but are usually lower than indicated above. This commission percentage is paid annually for both new business and renewals.

We deal with a variety of insurers to meet the needs of our clients. In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire. Some of the Insurers noted above recognize our efforts through a Contingent (Profit) Commissions contract. Payment of this Contingent (Profit) Commission may depend on a combination of growth, profitability (loss ratio), volume, retention and increased services that we provide on behalf of the Insurer. Contingent (Profit) Commission is not guaranteed. For detailed information on Contingent Commission, please go to the individual insurance company's websites.

If you have any additional questions or require any information regarding any of the compensation received by Five Star Insurance please do not hesitate to contact us.

WE VALUE YOUR PRIVACY
Five Star  Insurance Brokers values you as a customer and we are committed to protecting your personal information. In accordance with the applicable privacy laws, Five Star insurance Brokers has adopted a Privacy Policy and Procedures to follow the Principles for the Protection of Personal Information. The following is an outline of the Privacy Policy and Procedures that  Five star insurance Brokers as follows:

Why we need Personal Information?

We collect, use, retain and disclose personal information to:

•Offer and provide insurance and financial products and services to you.
•Communicate with you.
•Detect and Prevent Fraud
•Evaluate claims
•Verify your identity and accuracy of your personal information with industry associations, brokers or insurers.
•Act as required or authorized by law
Your personal information may be exchanged with other insurance companies, insurance or financial services industry agencies, claims adjusters and other service or professional providers.
Your personal information may also be exchanged between Five Star insurance Brokers and other insurance companies for data and payment processing.

Your personal information is collected and used with your consent. You may withdraw your consent with reasonable notice subject to legal or contractual obligations. Withdrawal of consent may prevent us from providing you with the requested product or service.

We protect your Information at  Five Star Insurance Brokers.

Every department within  Five Star Ins. Brokers has strict privacy procedures and standards to ensure that your personal information is handled in a confidential manner.

How to contact us

Five Star Insurance Brokers is responsible for all personal information under its control and has designated a Privacy Officer.

All questions, requests and complaints can be forwarded to:

Five Star Insurance Brokers Ltd.