Financial Statements
Broker’s Compensation
Dufferin Mutual, a division of Integrated Mutual Insurance Group has contracts with independent Brokers.
Brokers are compensated in the form of a commission payment calculated as a percentage of your insurance premium. Brokers are obligated to disclose their commission earnings on a client’s policy, if so requested.
The following is a breakdown of the commissions paid by Dufferin Mutual to contracted Brokers:
Private Passenger & Commercial Automobile 12.5%
Miscellaneous Automobile 10%
Residential Property 20%
Farm Property 20%
Commercial Property 20%
Contingent Profit Commissions (CPC)
As part of our brokerage contract, we recognize Broker profitability through a Contingent Profit Commission (CPC) program. Receipt of a CPC payment is entirely dependent on the overall profitability of the business submitted by a Broker. Therefore, this commission is not guaranteed to any Broker.
