Compensation

 

Clear Health Benefits is compensated directly from the insurance carriers. 

 

Clear Health Benefits may also receive, but not limited to, sales bonuses, retention bonuses and education allowances as a result of managing your account. 

 

Conflict of Interest

 

Clear Health Benefits works with all insurance providers.  No insurer holds any ownership interest in our firm, nor does Clear Health Benefits hold any direct ownership interest in any insurer.

 

Should any other conflict of interest in present itself in the management of your account, Clear Health Benefits will disclose such information immediately.

 

Our Consultants

 

All Agents of Clear Health Benefits are regulated by the Financial Services Commission of Ontario (FSCO) who issues licences authorizing persons to conduct business as insurance agents. There are three classes of agent licences.
 

• 1) Life Insurance (Including Accident & Sickness)

• 2) Accident & Sickness

• 3) General

Agents listed may hold a combination of the insurance license's listed above.

A person who acts as an insurance agent without being licensed is guilty of an offence under the Insurance Act, and may be prosecuted for such violation.

 

All Consultants of Clear Health Benefits are required by law to have Errors and Omissions coverage. E&O coverage, also known as Professional Liability insurance, must have at least $1 million per occurrence, with extended coverage for fraudulent acts. Failing to do so can result in the suspension or revocation of their license.

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*We encourage our clients if they have any questions regarding the commissions on their account to reach out to us directly for full disclosure.

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