COMPLIANCE NOTICE AND DISCLOSURES
Compliace Notice
The Canadian Insurance Services Regulatory Organization (CISRO)
CISRO has published the Principles of Conduct for Insurance Intermediaries to help ensure the fair treatment of customers in the life & health and property & casualty insurance sectors. Click on the lnks below to access the CISRO Principles Documents:
Rigerested Insurance Brokers of Ontario (RIBO)
As a customer, you have the right to professional advice from a broker who is well informed about the products they are selling. You have the right to be treated with fairness and integrity. Click on the lnks below to access the RIBO fact sheets:
Disclosures
Facts to Clients
- There is no direct or indirect ownership interest in Unity by an insurer or vice versa.
- We do not hold a direct or indirect loan or financial relationship with an insurer
- We do not have a network affiliation of a financial or non-financial nature.
- We do not have any common ownership and an insurer by a financial conglomerate or other holding company or group of companies.
- We do not deal with any insurers that impose a volume requirement or a mix of business requitement.
- We do not deal directly or indirectly with any unlicensed insurance company.
Unity Managing Underwriters Limited is a privately held company established, that
Insurance Licenses
Unity Managing Underwriters Limited is licensed in the following provinces.
General
| Province | Type | License Number |
|---|---|---|
| Ontario | P&C RIBO | 3524 |
| Alberta | General | 7-6517905-2018 |
| British Columbia | General | 154588C136041R1 |
| Saskatchewan | All Classes other than Life | 05429 |
| Newfoundland and Labrador | P&C | 15-70-UN022-1 |
| Nova Scotia | General | 17201395900000 |
| Quebec | Damage Insurance | Registration No. 515796 |
Life and Accident & Sickness
| Province | Type | License Number |
|---|---|---|
| Ontario | Life | 31102M |
| Alberta | Life | 5-6517905-2019 |
| Alberta | A&S | 6-6517905-2019 |
| British Columbia | Life | 154588C91420R1 |
| Saskatchewan | Life | 05429 |
| Newfoundland and Labrador | Life | 16-78-UN022-1 |
| Nova Scotia | Life | 18203311900000 |
| Quebec | Persons and Group Plans | Registration No. 515796 |
Compensation
Commission, normally calculated as a percentage of the premium paid to the insurer for the specific policy, is paid to us by the insurer for the distribution and services of the insurance policies. Below is a range of compensation for the lines of business we represent.
- Professional Liability 15%
- Travel Insurance 20% - 30%
- Guaranteed Asset Protection 1% to 35%
- Life and other products 4% to 25%
