AIM Intercompany Policy

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TABLE OF CONTENTS

Intercompany policy

when an RT broker is accessing a market via another RT broker*

	RT Office (A): closest relationship to the Insured/agent	RT Office (B): closest relationship to the market
AIM: Retail Agent	Actual agent	RT Office (A)*
AIM: Market	RT Office (B)* *Some programs have a dedicated market code and/or agent code to be used in place of the RT office. These codes should be made known from the RT office who heads the program.	Actual market
Commission	Gross: % due to RT Office (A) as per binder from RT Office (B)	Gross: % due to RT Office (B) as per market binder
Commission	Agent: portion of % due to RT Office (A), given to Retail Agent	Agent: portion of % due to RT Office (B), given to RT Office (A)
Fees	Fees retained by RT Office (A): Charging Party In House	Fees retained by RT Office (A): N/A
	Fees retained by RT Office (B): Charging Party Company	Fees retained by RT Office (B): Charging Party In House
	Fees retained by market: Charging Party Company	Fees retained by market: Charging Party Company
Surplus Lines Tax	Responsible Party: In House* *When working with Alive Risk and REO program offices, make the taxes payable to the Company.	Responsible Party: Retail Agent/Broker* *Alive Risk and REO program offices bill the taxes as In House.
AIM generated SLA number	If applicable, the SLA number generated by AIM in this submission is the official SLA number for the account	If applicable, the SLA number will need to be edited to match the SLA number from RT Office (A)’s submission

Example

Marsh USA, Inc. – Kansas City approaches an RT broker in Kansas City for their account Intercompany Policy LLC. The Kansas City broker uses a Dallas broker to access their market, Strata Underwriting Managers.

	RT Specialty – Kansas City closest relationship to the insured/agent	RT Specialty – Dallas closest relationship to the market
AIM: Retail Agent	Marsh USA, Inc. - Kansas City	RSG Specialty, LLC – Kansas City
AIM: Market	RSG Specialty, LLC – Dallas	Strata Underwriting Managers
Commission	Gross: 10% per RTS Dallas binder	Gross: 20% per Strata binder
Commission	Agent: 5%	Agent: 10%
Fees	Fees retained by RT Specialty – Kansas City: $200 Brokerage Fee	Fees retained by RT Specialty – Kansas City: N/A
	Fees retained by RT Specialty – Dallas: $250 Policy Fee – Carrier	Fees retained by RT Specialty – Dallas: $250 Brokerage Fee
	Fees retained by market: $75 Policy Fee – Carrier	Fees retained by market: $75 Policy Fee – Carrier
Surplus Lines Tax	Responsible Party: In House	Responsible Party: Retail Agent/Broker
AIM generated SLA number	If applicable, the SLA number generated by AIM in this submission is the official SLA number for the account	If applicable, the SLA number will need to be edited to match the SLA number from RT Specialty – Kansas City’s submission

**RT Specialty – Kansas City (closest relationship to the insured/agent)**

1. Entering New Business

a.RTS Kansas City clears a new insured and lists Marsh as the retail agent.

2. Quoting

a. When quoting, the Dallas office is entered as the market. The gross commission and risk company are based on the binder sent by RTS Dallas.

3. Fee Schedule

a. The $250 RTS Dallas fee and $75 Strata fee are combined as one entry as duplicate fee entries are not allowed.

4. Surplus Lines Tax Calculator

a. The Responsible Filing for surplus lines tax is set to In House and payable to the state.

RT Specialty – Dallas (closest relationship to the market)

1. Entering New Business

a.RTS Dallas clears a new insured and lists the Kansas City office as the retail agent.

2. Quoting

a. When quoting, Strata Underwriting Managers is entered as the market. The gross commission and risk company are based on the binder sent by Strata.

3. Fee Schedule

a. Fees charged by the retail agent, RTS Kansas City, are not included.

4. Surplus Lines Tax Calculator

a. The Responsible Filing for surplus lines tax is set to Retail Agent/Broker and the Paid To box is blank. This will not show on the quote, binder, or invoice because the retail agent, RTS Kansas City, is responsible for the filing.

Version 2, 3/20/2022

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This document is deemed internal and confidential and cannot be released outside of RT Specialty or its subsidiaries.