Regulation 194 Notice
As an independent insurance agent or insurance broker I, or my firm, (herein after we) may have access to more than one insurance company to place your coverage. Whether acting as an independent insurance agent or insurance broker we have certain obligations to you as the purchaser and certain obligations to the insurance company as determined by both statutory and case law. If acting as an independent insurance agent we may have authority to obligate the insurance company on your behalf and as a result we may be required to act within the scope of our contractual agreement with the company.
As the purchaser you need to understand that we typically will receive compensation from the selling company based on the agreement we have with the company. That compensation may vary from company to company and also be impacted by the volume of business we place with the company, the profitability of that business and other factors.
You may receive information about my compensation on the policy or policies you select and about any policies we have presented to you which you did not select by asking me for more information.
In the course of our relationship with you, we collect information from a variety of sources. We collect this information in order to carry out our business functions and assist in providing the highest quality of service to you. This information may be provided from an application or other forms as part of the supporting documentation submitted or obtained in the insurance underwriting or claim handling process. Information also comes to us from third parties, including agents, employers, other insurance brokers or insurance companies, health care professionals, and consumer reporting agencies or public sources. We may obtain information about your business or occupation, your property, health, credit and claim history, as well as personal data such as names, addresses, social security numbers, driver’s license numbers, telephone numbers and e-mail addresses.
Information We Disclose to Third Parties: In the course of our normal business activities, we may disclose collected information to affiliates and non-affiliated entities. These activities include the marketing, quoting and servicing of your insurance needs and the performance of other essential functions of our business. Non-affiliated entities are those outside HCSI with whom we also conduct our activities including insurance companies, wholesalers, other brokers and agents, claims administrators and other financial services or marketing firms. We never sell any private information to other companies.
Practices Regarding Protection of Information: Our employees are trained to understand the importance of confidentiality and are required to adhere to our privacy policies and procedures. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products and services to you. We maintain physical, electronic and procedural safeguards to protect your nonpublic information.