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Disclosure & Conflicts of Interest

At RH Insurance Inc., we uphold the ethical principles and standards of our profession. Our role is to provide you with the best insurance value that combines coverage, service, and price. We also provide personalized, quality service that includes professional insurance advice, ongoing policy maintenance and claims support. When any issue arises regarding your insurance coverage, we are your advocate, using our professional experience to best represent your individual interest.

Insurance brokers are under a professional obligation to act in the best interests of their clients. One part of that obligation is to disclose to you the compensation we earn from insurers. Another part of that obligation is to disclose to you all information about the business relationships we have that may pertain to a transaction or recommendation we facilitate.

Compensation Disclosure

Carrier

Commission

Aviva Canada

7.5% - 20%

Coachman Insurance Company

10% - 20%

Economical Mutual Insurance Company*

7.5% - 25%

Max Insurance

20%

SGI CANADA Insurance Services

10% - 20%

Wawanesa Mutual Insurance Company

12.5% - 20%

Facility (The Nordic Insurance Company of Canada) - PPV

9-11% to a max of $370

Facility (The Nordic Insurance Company of Canada) - REC

7.5% to a max of $185

Optiom Inc.*

30%

*Carriers with which have either contingent commission or sales incentive arrangements.

This commission percentage is paid monthly or annually for both new business and renewals. Should there be an increase in the commission schedule we receive from your insurer, or, any other material change that affects compensation arrangements, we will notify you.

Business Relationship Disclosure

By disclosing the business relationships that exist with those parties involved in the provision of insurance to our clients, we hope to dispel the inference that any influence exists over the discretion of our brokers that would impair their ability to act in the best interest of their clients.

We are required to disclose the following categories of relationship:

  1. Any direct or indirect ownership interest or any kind in a brokerage by an insurer, or in an insurer by a brokerage
    RH Insurance Inc. is not owned directly or indirectly by an insurer, nor does RH Insurance Inc. own any insurers.

  2. Common ownership of a brokerage and an insurer by a financial conglomerate or other holding company or group of companies
    RH Insurance Inc. is not owned by any financial conglomerate or other holding company or group of companies that also owns an insurer.

  3. A loan, credit facility or other financial relationship, direct or indirect
    Other than debts incurred, or credit granted, in the normal course of our operations with the insurers RH Insurance Inc. can bind insurance with no loans, credit facilities, or financial relationship exists between RH Insurance Inc. and any insurer.

  4. A financial or non-financial network affiliation
    RH Insurance Inc. is part of the Ratehub Inc. group of affiliated companies.

    Ratehub Inc. provides online comparison and editorial content on various personal financial products and services, including through its MoneySense magazine. Additionally, Ratehub Inc. collects revenue from advertisers.  Some of those personal finance products and services, and some of the advertising on Ratehub Inc.’s website, may be provided by the same insurers that RH Insurance Inc. represents. 

    Another member of the Ratehub Inc. group of affiliated companies is CanWise Insurance Services Inc. CanWise Insurance Services Inc. is a life & disability insurance brokerage.

    There exists no financial nor contractual relationships between the members of the Ratehub Inc. group of companies, nor with any member of the Ratehub Inc. group of companies and RH Insurance Inc. that would impair RH Insurance Inc.’s discretion and judgment in providing you with the best insurance value that combines coverage, service, and price. Further, no influence on the process of binding insurance policies is exerted on RH Insurance Inc. by virtue of the ownership overlap between the Ratehub Inc. group of companies.

  5. Exclusive contract or one market exceptions
    RH Insurance Inc. has not entered into any contracts with a single insurer to provide all or a substantial portion of a line or lines of business to that insurer exclusively. RH Insurance Inc. does not have any targeted marketing programs to write any insurance products with any one insurer.

  6. Volume or mix of business requirements
    RH Insurance Inc. does not have any contractual requirements with the insurers it represents where RH Insurance Inc. is required to maintain certain volumes or mixes of bound policies.

  7. Receipt of contingent commission
    The insurers with which RH Insurance Inc. has a contract that allows for the receipt of contingent commission metrics are marked with asterisks in the above table.

  8. Sales Incentives
    The insurers with which RH Insurance Inc. has a contract that allows for sales incentives, including based   on volume, growth, or profit are marked with asterisks in the above table.

  9. Premium Financing Companies
    RH Insurance Inc. does not have any contractual arrangements with any premium financing companies.