New commission package

We appreciate the time it takes to make your recommendations, which is why we offer attractive up front and renewal commission for both buildings and contents insurance and mortgage payment protection insurance including:

• An up front payment based on a percentage of the annualised premium (excluding Insurance Premium Tax)



• A monthly payment following the successful renewal of the policy on its anniversary, again based on a percentage of the annualised renewal premium (excluding insurance premium tax).

For more information on our commission terms, please don't hesitate to call your local regional office on 0870 6000 367.

Clawback

Procedures for clawback, in accordance with clause 5 of your mortgage and general insurance terms of business, are as follows:

• Full clawback of commission paid if the policy cancels or lapses within 120 days of the policy going on risk



• If the policy lapses or cancels after renewal, commission will be paid up to the point the policy lapsed or cancelled. Any payments made after the policy cancels will be recovered.

Abbey National plc acts as a General Insurance Intermediary and is authorised and regulated by the Financial Services Authority.