Mercer
Mercer

Mercer Consumer, a service of Mercer Health & Benefits Administration LLC (Mercer), is the insurance producer for the following insurers: ACE, Allied, Kemper Select, Liberty Mutual, MetLife Auto & and Home, Progressive, Safeco, Travelers, Travelers Flood, and Universal Insurance Company of North America for these types of insurance products.  As the insurance producer, we will provide you with comparable quotes from the available insurers for your particular program and will work with you to select an insurer. Please note we may provide these insurers additional services which may include underwriting, billing, and premium collection.  While other insurers may be available in the insurance market place, these are the only quotes we will be offering.

In accordance with industry custom, we are compensated through commissions that are calculated as a percentage of the insurance premiums charged by insurers.  We may also receive additional monetary and nonmonetary compensation from insurers, or from other insurance intermediaries, which may be contingent upon volume, profitability, or other factors. This compensation may include payment from insurers for marketing related expenses or investments in technology.  Our compensation may vary depending on the type of insurance purchased and the insurer selected.  The carrier(s) possibly available to you include the following commissions in their quotes:

Commission Matrix

Carrier
(all carriers not available to all groups)

Product

Commission

ACE

Boat/Yacht

20% non chartered risks, 15% chartered risks

Allied

Personal Lines

Up to 14%

American Modern

Personal Lines

Up to 15%

Kemper Select

Personal Lines

Up to 15.0% 1

Liberty Mutual

Personal Lines

Up to 18.5%

MetLife Auto & Home

Personal Lines

Up to 17.4%

Progressive

Personal Lines

Up to 9.0%

Safeco

Personal Lines

Up to 14.0%

Travelers

Personal Lines

Up to 15% 2

American Bankers Insurance Co. of Florida

Flood

20.0%

Universal Ins Co of North America

Home

Up to 15.0%

Where permitted by law, Mercer may also earn and retain interest income on premiums held by Mercer on behalf of insurers during the period between receipt of such payments from clients and the time such payments are remitted to the applicable insurer

Marsh & McLennan Companies, Inc. and its subsidiaries which include Mercer own equity interests in certain insurers and wholesale brokers.

Mercer is prohibited by law in most states from altering the amount of compensation received from the insurer based in whole or in part on the sale of this insurance3.

1Kemper Select
Kemper Select is the brand name for Merastar Insurance Company, Unitrin Direct Insurance Company and Unitrin Direct Property & Casualty Company. In addition to the retail commission earned on this policy, Mercer may qualify to earn additional compensation from this insurer. If Mercer meets minimum policy retention and loss ratio requirements, Mercer may earn up to 2% in additional contingent commission. This payment is based upon the aggregate growth in new business for the applicable calendar year.

2Travelers
In addition to the retail commission earned, Mercer may also earn an additional 1% of premium as enhanced commission on eligible personal product lines.

3This disclosure is mandated by New York State Insurance Department Regulation No. 194 (11 NYCRR 30.3(b) (5)) (Regulation 194) which we interpret to apply to the various anti-rebating insurance laws throughout the country, such as New York Insurance Law § 2324, which prohibits insurance companies, agents and brokers from sharing or rebating commissions as an inducement to making an insurance contract. Irrespective of whether Regulation 194 applies to anti-rebating laws or whether rebating is prohibited by law in your state, Mercer will not alter its compensation for this program.