McKellar Code of Conduct
McKellar fosters an environment of honesty and ethical behaviour within the company.
McKellar will always deal with its clients in utmost good faith.
McKellar undertakes to protect the privacy of all its clients and will always fully comply with the requirements of all applicable privacy legislation.
McKellar warrants that no rebates, secret commissions, fees, inducements, or other financial consideration of any kind have been paid or will be paid to any lawyer, claimant, casualty insurer or defendant involved with the settlement. Nor will McKellar “front” for another broker or financial institution.
McKellar is a completely independent Canadian structured settlement broker. McKellar is not affiliated with any casualty insurer, defendant or life insurer involved in the settlement.
McKellar is contracted with all major life insurers in Canada in the structured settlement market. Currently, these companies are The Canada Life Assurance Company, BMO Life Assurance Company and Sun Life Assurance Company of Canada.
McKellar guarantees that its Brokerage Department will obtain the highest yield possible, under the terms of the settlement, at time of funding the structured settlement.
McKellar does not charge any fees for its services. It is paid by way of a commission from the life insurer(s) issuing the structured settlement. The commission is based on a percentage of the amount structured, as well as the total volume of business placed by the broker. Commission scales are the same for all brokers in Canada.
McKellar has confirmed with all major life insurers in Canada in the structured settlement market that they will not provide any other broker with a better structure yield or better medical underwriting.
McKellar undertakes to comply with all relevant federal, provincial and local regulatory agencies. McKellar is licensed as required by law. McKellar is insured to a level (including errors and omissions insurance) which meets or exceeds all provincial and federal requirements.
McKellar guarantees that lawyers in its Legal Department will examine the settlement documentation to ensure 100% income tax compliance.
McKellar will issue The McKellar Guarantee that the structure complies with all tax requirements for tax-free status; that appropriate brokerage has been undertaken; and that McKellar will meet the lifetime service requirements of the parties in respect to any structure which it arranges.
The above undertakings are the inherent rights of all clients of McKellar. As a client of McKellar, if you have reason to believe that McKellar or any of its employees has in any way breached this Code of Conduct, please advise the company immediately, in writing, as follows:
Ralph Fenik, President
McKellar Structured Settlements Inc.
649 Scottsdale Drive, Suite 100
Guelph, ON, Canada, N1G 4T7
Canada & USA 1.800.265.8381