Contingent Compensation. WTW may accept certain forms of contingent or supplemental compensation in locations where they are legally permissible and meet standards and controls to address conflicts of interest. Because insurers account for contingent payments when developing general pricing, the price Clients pay for their policies is not affected whether WTW accepts contingent payments or not. If the Client prefers that WTW not accept contingent compensation related to the Client’s account, WTW will request that the Client’s insurer(s) exclude the Client’s current and future business from any contingent payment calculations for WTW.
Appears in 5 contracts
Sources: General Terms of Business Agreement, General Terms of Business Agreement, General Terms of Business Agreement