[an error occurred while processing this directive] Broker Compensation - Commission Disclosure
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Thank you for being our client.  We appreciate the confidence you have placed in us; and we will do everything possible to continue to earn your trust and goodwill.  We look forward to serving your insurance needs for many years to come.

Our goal is to arrange the appropriate insurance protection for you, combining sound advice with coverage tailored to your needs.  We also provide you with ongoing policy maintenance, claims support, top-notch personal service, and professional care.  We serve as your advocate, your advisor, and your guide.  We represent you.

Please remember … All our policies come complete with someone who cares!

For the services we provide to you, we receive a percentage of your insurance premium, as a commission, paid to us by your Insurance Company. Below, we have listed the Property & Casualty Insurance Companies with whom we have contracts (and also other insurance markets that do not require a contract, with whom we have over $100,000 in annual premium), together with the range of compensation each provides, as a percentage of your overall premium. For a printed copy of this information, feel free to call us.

This commission percentage is paid to us, each policy term, for both new policies and renewals.

When you are well-informed, our role is easier.  So we also urge you to consult the websites of individual Insurance Companies and the various provincial and national insurance industry organizations, for further information.

Our firm is privately owned, and completely independent.  There is no direct or indirect ownership interest by any Insurance Company or financial institution, nor any loan or financial guarantee.  We confirm that there are no conflicts of interest in our relationship with you, and that our overall recommendations to you are based on our understanding and assessment of your needs.

If you have any questions, or if we can assist you or someone else you know, please don’t hesitate to contact us.  We have a dedicated, dynamic, and well-educated team, with specialists in many different insurance disciplines, including business and commercial insurance, personal home and auto insurance, RRSPs, RESPs, group insurance, mutual funds (arranged through Dundee Private Investors Inc), GICs, and life and disability insurance.

All of us are fully committed to providing you with the very best, in advice and in service.

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~ HOW WE ARE PAID FOR PROPERTY & CASUALTY INSURANCE POLICIES ~


Insurance Company or Intermediary

Personal Auto and Umbrella

Personal Property

Commercial Auto and Surety

Commercial Property

    ACE INA

n/a

n/a

n/a

12.5-20%

*  Aviva

10-12.5%

15-20%

7.5-12.5%

15-20%

*  AXA

10-12.5%

20%

7.5-12.5%

15-20%

*  Chieftain

12.5%

12.5%

n/a

n/a

*  Citadel

10.0 - 12.5%

20.0%

12.5%

20.0%

*  Dominion of
   Canada

10.0 – 12.5%

20.0%

7.5 – 12.0%

15.0 – 25.0%

*  Echelon

12.5 – 13.5%

n/a

12.5 – 13.5%

n/a

*  Economical
   Mutual

10.0 – 12.5%

20.0 – 25.0%

7.5 – 12.5%

20.0 – 25.0%

   Elliott Special  
   Risk

n/a

n/a

n/a

10.0%

   Encon

n/a

n/a

n/a

7.5 – 10.0%

   Frank Cowan

n/a

n/a

10.0%

15.0%

* Gore Mutual

10.0 – 16.0%

20.0 – 25.0%

7.5 – 12.5%

15.0 – 25.0%

* Guarantee
  Company of
  North America

15.0%

15.0 – 25.0%

12.5%

20.0%

* ING Canada

10.0 – 12.5%

15.0 – 20.0%

10.0 – 12.5%

20.0%

* Kingsway

5.0 – 13.5%

15.0%

n/a

18.0%

  Markel

n/a

n/a

10%

n/a

  Nordique   
  (Facility)

7.5 – 11.0%

n/a

6.0 – 10.0%

n/a

* North Waterloo
  Farmers Mutual

10.0 – 12.5%

20.0 – 24.0%

12.5%

20.0 – 24.0%

  Perth

5.0 – 12.5%

15.0%

n/a

n/a

* Pilot

7.0 – 17.5%

15.0 – 24.0%

4.0 – 17.5%

20.0%

  Robertson Hall

n/a

n/a

n/a

15.0%

  Southwestern
  Group

n/a

12.5-15%

n/a

7.5-15%

* Sovereign
  General

n/a

n/a

15.0%

20.0-22.5%

  TWIG / The
  Wholesale
  Insurance Group

n/a

10.0 – 12.5%

n/a

10.0%

* York Fire &
  Casualty

12.5%

17.5 – 20.0%

12.5%

20.0%

* Zurich

10.0 – 12.5%

n/a

7.5 – 12.5%

10.0 – 20.0%

*The asterisks in the chart, above, denote Insurers with whom we also have Contingent Profit Commission agreements.  We may be eligible for this additional compensation, such as profit-sharing or prizes, if we meet certain requirements pertaining to volume, mix of business, retention and/or loss ratios.  Contingent Profit Commissions are not guaranteed; and plans vary widely, from Company to Company.  More detailed information about a specific Insurance Company’s Contingent Profit Commission plan can usually be found on their website.

~ HOW WE ARE PAID FOR LIFE, GROUP AND FINANCIAL SERVICES PRODUCTS ~

In arranging Life and Group Insurance and other Financial Services products, we represent you, our client. We appreciate the confidence you have placed in us; and we will do everything possible to continue to earn your trust and goodwill. We look forward to serving your insurance needs for many years to come.

Our goal is to work for you, combining sound advice with insurance coverage and/or other financial services products tailored to your needs. We also provide you with ongoing policy and product maintenance, claims support, top-notch personal service, and professional care. We serve as your advocate, your advisor, and your guide. We represent you. We meet or exceed all the ongoing educational and licensing standards required by our licensing bodies.

As a result of our work together, should you decide to purchase a product through us, we will be remunerated by way of commission and/or “commission linked” bonus directly by the insurer and/or the managing general agency that we represent. Our managing general agency will also be compensated. This is an integral element of your rate calculation. There is no additional charge to you. Arrangements vary widely, depending on a number of factors, including the type of product, the specific Insurance Company or product provider and the amount of coverage being arranged.

We may also be eligible for additional compensation, such as bonuses and/or prizes, which may vary widely from Company to Company, and from year to year, depending on factors such as the volume, persistency, or mix of business which we have placed with a specific Insurance Company or product provider.

We have listed all the Individual Life and Group Insurance Companies we represent, as well as the other providers of Financial Services products with whom we do business.

Please visit us on-line, anytime, at www.erb-erb.com for all the latest updates regarding material changes to this information … as well as for a wide range of other important and topical insurance-related information, together with many interesting details about our firm.

                          Please remember … All our policies come complete with someone who cares!

~ Primary Products and Services that We Offer

Auto RRSPs - RRIFs - Annuities Disability Insurance
Home Term Deposits & GICs Critical Illlness Insurance
Business Life Insurance Best Doctors Coverage
Employee Group Benefits Mutual Funds** Travel Insurance
Group RRSPs Labour Sponsored Funds** Mortgage Insurance
Health & Dental Plans Segregated Investment Funds Registered Education Savings Plans**

~ Life Insurance Companies that We Represent ~

AIG American Home Assumption Life
Blue Cross Canadian Protection Plan Canada Life
Co-operators Desjardins Financial; Empire Life
Equitable Life Federated Life Great West Life
Green Shield Canada Industrial Alliance Pacific Liberty Health
Manulife Financial Maritime Life National Life
Provident Life RBC Life Reliable Life
Standard Life Sun Life (Clarica) Superior Life
Transamerica Life Unity Life Unum Life
Wawanesa Life    

~ Banks and Trust Companies that We Represent ~

AGF Trust B2B Trust Bank of Montreal
Bank of Nova Scotia Bank West BMO Mortgage Corp.
Canada Trust Canada Trustco Canadian Western Bank
Canadian Western Trust CIBC CIBC Mortgages
CIBC Trust Citizens Bank of Canada Citizens Trust
Community Trust Concentra Financial Dundee Wealth Bank
Effort Trust Equitable Trust HSBC Trust
HSBC Mortgage Corp. Home Trust ICICI Bank Canada
Intesabci Canada Laurentian Bank Maple Trust
MCAP MRS Trust Montreal Trust
National Bank National Trust Peace Hills Trust
PW Bank of Canada Peoples Trust Resmor Trust
Royal Bank of Canada Scotia Bank Scotia Mortgage Corp.
TD Bank TD Pacific Mortgage Corp. Ubiquity Bank of Canada
Virtual One Credit Union    

~ Other Distributions and Intermediaries of Financial Services Products that We Represent ~

Best Doctors Inc. Countrywide Insurance Group Deposit Broker Services
Dundee Insurance Agency Dundee Mortgage Services Hunter McCouorkodale
Financial Horizons Pace Financial Ten Star Insurance Brokers Ltd.
Travel Insurance Coordinators   Travel Underwriters
Trent Health Services   Wise Financial

This list is intended to comply with the disclosure requirements of Regulation 347/04 of the Insurance Act. **Some of our employees are also individually licensed as mutual fund representatives of Dundee Private Investors Inc.

Last updated January 2007

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