Common use of Disclosure of Compensation, Including Bonus Clause in Contracts

Disclosure of Compensation, Including Bonus. Agency is required to disclose to a prospective Member, information about Compensation paid to Agency to the extent required by state or federal law and any requirement or instruction imposed by a government regulatory agency. In addition, if Agency is eligible to receive a broker expense allowance, bonus, or any additional payment in connection with the sale of a Benefit Contract to a prospective Member, Agency is required to disclose in writing to that prospective Member that: (i) Agency may receive additional payment from Medica as a result of the new or continued enrollment of a Member under a Member’s Benefit Contract; and (ii) an estimate of the amount or percentage of any prospective additional payment that may result from the new or continued enrollment of a Member under a Member’s Benefit Contract. Upon Medica's request, Agency will provide Medica with satisfactory evidence of such disclosures. Agency will provide each prospective Member with appropriate cost and coverage comparisons in order that the prospective Member can make informed purchasing decisions. Proposals to prospective Members purchasing coverage through an Exchange shall comply with all applicable requirements established by the Exchange and with all applicable federal and state laws, regulations, and regulatory agency instructions. If an Exchange’s requirements conflict with the provisions of this paragraph, the Exchange’s requirements will apply. An Agency assisting a Member or prospective Member with purchasing coverage through the Exchange must comply with all disclosure requirements under applicable state and federal law.

Disclosure of Compensation, Including Bonus. Agency is required to disclose to a prospective Member, information about Compensation paid to Agency to the extent required by state or federal law and any requirement or instruction imposed by a government regulatory agency. In addition, if Agency is eligible to receive a broker expense allowance, bonus, or any additional payment in connection with the sale of a Benefit Contract to a prospective Member, Agency is required to disclose in writing to that prospective Member that: (i) Agency may receive additional payment from Medica as a result of the new or continued enrollment of a Member under a Member’s Benefit Contract; and (ii) an estimate of the amount or percentage of any prospective additional payment that may result from the new or continued enrollment of a Member under a Member’s Benefit Contract. Upon Medica's request, Agency will provide Medica with satisfactory evidence of such disclosures. Agency will provide each prospective Member with appropriate cost and coverage comparisons in order that the prospective Member can make informed purchasing decisions. Proposals to prospective Members purchasing coverage through an Exchange shall comply with all applicable requirements established by the Exchange and with all applicable federal and state laws, regulations, and regulatory agency instructionsExchange. If an Exchange’s requirements conflict conflicts with the provisions of this paragraph, the Exchange’s requirements will apply. An Agency assisting a Member or prospective Member with purchasing coverage through the Exchange must comply with all disclosure requirements under applicable state and federal law.