CP II6 and the Addendum to the Consumer Protection Code 2012
As you are in no doubt aware that pursuant to Section 117 of the Central Bank Act 1989, the Central Bank has amended the Consumer Protection Code 2012 (CPC). It is now introducing by way of an Addendum, new provisions and amending certain existing provisions of the CPC. The Addendum will be effective 31 March 2020.
The addendum to the CPC has created a new provision 4.58A which require all intermediaries to make available on its website, or if they don’t have a website in their public offices, a summary of the details of all arrangements for any fee, commission, other reward or remuneration paid or provided to the intermediary which it has agreed with product producers.
Our commissions are as follows
ROI Owner occupied = 20%
ROI Residential Let = 25%
Key – Dependent on price = €10 POLICY – €5 COMMISSION €15 POLICY – €10 COMMISSION €20 POLICY €15 COMMISSION – €25 POLICY €18 COMMISSION
TRAVEL = 25%
MOTOR EXCESS= Bronze €9 commission – Silver – €12 euro commission – Gold €14 commission – Platinum €15 commission Rent Guarantee €25 policy = €8 Commission