Terms and Conditions
It is understood that any insurance terms, descriptions and definitions are meant for general informational purposes and are not meant as specific advice or recommendations. All insurance and non-insurance information is for general purposes and may not be up-to-date or complete. It is also understood that no coverage will be assumed bound or covered until written confirmation is received by the client from the Frankfort Insurance Agency, Inc. or its affiliate insurance companies.
The Kind of Information We Collect
When you complete your insurance application form, claim form, or other forms, we typically receive from you the following kinds of information:
- address date and location of birth
- marital status
- social security number
- medical information
During the course of our business relationship, we may obtain information about:
- your payment history
- your tax obligations
- If you correspond with us or transact business through our computer websites, your browser may provide information to us as you interact with us via the internet.
When May We Disclose Your Personal Information
It is our responsibility to meet your expectations for privacy while still providing you with the financial products or services. In order to financial provide our services to you, your information may be shared with other service providers.
To complete applications and forms, we may need to provide your non-public information to affiliated and nonaffiliated persons or entities involved in the underwriting, processing, servicing, and marketing of financial products and services.
There are times when we are required by law to provide your non-public information to authorized persons or entities. Such occasions include:
- complying with a subpoena or summons by federal, state or local authorities
- responding to judicial process
- responding to regulatory authorities
- other purposes as required by law
We will not disclose any of your non-public personal information to anyone except as permitted or required by law.
Maintaining Security of Your Private Information
We will work to ensure that your non-public personal information remains confidential and secure. To do so, we have established the following procedures to protect against unauthorized access to your personal information:
The only persons with access to your non-public personal information are those persons who need to know about the information to underwrite, process, service, or market insurance products and services.
We will keep your information physically and electronically secure.
If it comes to our attention that a piece of personal information that we possess may be inaccurate or false we will make a reasonable effort to re-verify its accuracy and correct any error as appropriate
Your non-public personal information is maintained by us on a confidential and secure basis. If we disclose any of your information, it will be for the reasons and under the conditions described in this notice. We do not disclose any non-public personal information about our former clients to anyone except as permitted or required by law.
Linking to Other Sites
How We are Paid
Frankfort Insurance is compensated in a variety of ways for the work we perform, primarily in the form of commissions and contingency amounts paid by insurance companies. The means by which we are compensated are described below.
Commission income Commissions are normally calculated as a percentage of the premium paid to the insurer by the client for a specific policy. This commission is then paid to us by the insurer for selling and servicing your insurance policy. Our commission is included in the premium paid by you.
Contingency income We may also receive income through contingency arrangements with insurance companies. They are called "contingent" because to qualify for payment we normally need to meet certain criteria, usually measured on an annual basis. Contingency arrangements vary, but payment under these agreements is normally the result of growing the business by attracting new customers, helping the insurance company gather and assess underwriting information and/or working to renew the policies of existing insureds. There is no meaningful method to determine the exact impact that any particular insurance policy has on contingency arrangements. However, better agencies tend to receive higher contingency payments because they do a better job of growing their business and retaining clients through better service. In other words, the amount of earned contingency income depends on the overall size and/or profitability of all of a group of accounts, as opposed to the placement or profitability of any particular insurance policy. For this reason, the individuals involved in placing or servicing insurance are rarely, if ever, compensated directly for the contingent income that we receive.
Changes to this Policy
Frankfort Insurance Agency, Inc.
Attn: Andrew Johnson
525 Main Street, PO Box 593
Frankfort, MI 49635-0593 USA
We thank you for the confidence you have placed in us and are committed to protecting your privacy and confidentiality.
352-9697 FAX: (231) 352-6110
525 Main Street P.O. Box 593
Frankfort, MI 49635 Email Us
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