Appendix A: Maximum Commission Rates Permitted
Effective from Oct 22 2011 - Oct 21 2011
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Classes of Business | Commission Rate |
Accident & Liability Insurance | 15% |
Personal Accident | 15% |
Work Related | 15% |
Employer's Liability | 15% |
Third Party Liability | 15% |
General Liability | 15% |
Product Liability | 15% |
Medical Liability | 15% |
Professional Liability | 15% |
Theft & Burglary | 15% |
Fidelity | 15% |
Safe Burglary | 15% |
Any Other Liability | 15% |
Motor Insurance - Compulsory | 2%* |
Motor Insurance - Compulsory + Others | 15% |
Property Insurance | 15% |
Fire Insurance | 15% |
Marine Insurance - Hull | 15% |
Marine Insurance - Cargo | 15% |
Aviation Insurance | 15% |
Energy Insurance | 15% |
Engineering Insurance | 15% |
Other General Insurance Classes | 15% |
Health Insurance - Compulsory | 8% |
Health Insurance - Compulsory + Other | 10% |
Protection Insurance | 15% |
Protection & Savings Insurance | 15% |
Other Protection & Savings Insurance | 15% |