Industry Notice

Millennium Corporate Solutions™ has several potential sources of revenue.  For services such as insurance brokerage, risk management, captive management and benefits consulting, remuneration may be received as commissions paid by an insurer; fees paid by a client in lieu of, or in addition to, commissions; and investment income on premiums and return premiums temporarily held as fiduciary funds.  Millennium may also receive compensation in the following forms: commissions or fees paid to reinsurance brokerage or captive management companies for placement or management of reinsurance of a client's risk; contingent commissions paid by an insurer based on aggregate loss experience; overrides paid by an insurer based on services performed and the volume of business placed with the insurer; fees paid for premium financing; and fees paid for performance of technical or other services.

If you have any questions regarding the nature or amount of the compensation paid to Millennium regarding your account, please contact our Chief Operating Officer, Stephen J. Saporito.