My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
55A - HARTFORD INSURNACE
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2019
>
12/17/2019
>
55A - HARTFORD INSURNACE
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/12/2019 5:45:00 PM
Creation date
12/12/2019 5:04:33 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Human Resources
Item #
55A
Date
12/17/2019
Destruction Year
2024
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
40
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Prepare. protect. prevail." <br />THE ol <br />06/26/2019 HARTFORD <br />Business Insurance <br />Employee Benefits <br />CITY OF SANTA ANA Auto <br />20 CIVIC CENTER PLAZA, M-24 Home <br />SANTA ANA, CA 92701 <br />Producer Commission and Incentive Programs for CITY OF SANTA ANA <br />Dear Policy Holder: <br />Thank you for giving The Hartford the opportunity to provide group benefits to your employees. We value your <br />business and look forward to maintaining a long lasting relationship. <br />As part of our commitment to you, we would like to take this opportunity to provide information regarding <br />compensation your producer is eligible to receive from The Hartford. Our producer compensation programs reflect <br />our fundamental belief in providing fair and competitive compensation that reward producers for their performance. <br />Participation in Incentive Programs is voluntary. Your producer may decline to accept any payment upon written <br />notice to The Hartford. <br />Basic Life -Flat 10% <br />Supplemental Dependent Life -Flat 10% <br />Voluntary Life -Flat 10% <br />Long Term Disability -Flat 10% <br />Basic ADD -Flat 10% <br />Supplemental ADD -Flat 10% <br />Additional Compensation (Contingent and Supplemental) <br />Your producer may earn additional compensation on Group Benefits business if they meet pre -described <br />qualification criteria. Performance metrics reviewed annually to determine qualification include minimum premium <br />retention percentages, new sales activity, and size of the producer's block of Group Benefits business with The <br />Hartford. Available bonuses range from .30% to 5% of premium. Depending on the producer, payments are made <br />quarterly, semi-annually, and/or annually. <br />Payments made under the Partner Rewards Program (if applicable) are not included in the determination of your <br />specific case premium. The costs of the Partner Rewards Program are incurred as general operating expenses of The <br />Hartford. <br />For ERISA Plans <br />The Hartford reports commissions, contingent commissions (including Partner Rewards Program), fees and the <br />value of non -cash compensation provided to producers on a Schedule A Worksheet to assist in your completion of <br />Form 5500 in accordance with applicable law. <br />cc: MARSHAWNBERECZ <br />The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries, including underwriting companies <br />Hartford Life and Accident Insurance Company and Hartford Fire Insurance Company. Home Office is Hartford, <br />CT. The Hartford is the administrator for certain group benefits business written by Aetna Life Insurance Company <br />and Talcott Resolution Life Insurance Company (formerly known as Hartford Life Insurance Company). <br />02o1S by The Hadlord.Classification: Company Coufrdenb'al. No had o{Wytloc —14ipe Wood, published or used without the permission of The Hadlool <br />
The URL can be used to link to this page
Your browser does not support the video tag.