CUSTOMER REFERRAL DISCLOSURE
Referral Arrangement between Southampton Financial Inc. (“SHFI”) which sells insurance through its subsidiaries (“Subsidiaries”), including Onlia Agency Inc. (o/a Onlia Insurance), Ignite Services Inc. (o/a aha Insurance) and WebBroker Canada Inc. (o/a Cheep Insurance) (collectively, the “Service Provider”), and Embark Student Corp. (“Embark”).
Embark offers access to Registered Education Savings Plans and is registered as a Registered Scholarship Plan dealer in every Province and Territory of Canada. Embark does not offer access to any other securities products aside from Registered Education Savings Plans (RESPs) or Scholarship Plans. The Service Provider is not presently licensed to sell or promote securities products in any province or territory in Canada. The Subsidiaries are duly licensed to place home and automobile insurance in Ontario, Alberta and British Columbia as further set out below and each Subsidiary maintains brokerage or carrier agreements with licensed insurance carriers which underwrite such home and automobile coverages.
Embark is referring you to the Service Provider which may be able to provide advice, services and/or products related to home and automobile insurance (“Eligible Products”). Embark and its employees or representatives are not authorized or permitted to engage in any insurance agency or agent activities. If you choose to set up services with the Service Provider as a result of Embark’s referral to you of the Service Provider, you will be entering into a relationship as a result of a referral from Embark.
As a result of the referral from Embark to the Service Provider, a marketing fee may be paid by the Service Provider to Embark. The fee is calculated based on the service provided via the referral arrangement and will be a maximum of 2% of premiums quoted to you by the Service Provider in respect of the Eligible Products. The marketing fee is not a fee for the services provided by the Service Provider. The marketing fee is payable directly to Embark by the Service Provider.
Any incentives provided by the Service Provider to you are subject to the Service Provider’s terms and conditions and are not governed by Embark.
Please note that securities regulations require that all advice and activity in your RESP account be provided by Embark. The Service Provider is neither licensed, nor able to provide any advice with respect to any of the products and services offered by Embark. In turn, Embark will not provide any advice on any insurance products. You may request additional reasonable information concerning this referral arrangement.
By clicking through to the Service Provider’s website, you acknowledge that a marketing fee may be paid to Embark as set out above.
To the best of its knowledge, Embark Student Corp. knows of no conflicts of interest resulting from the relationship between Embark and the Service Provider.
