EXIM EIB 92-79 Broker Registration Form NON-SUBSTANTIVE CHANGE 2022_12

EXIM EIB 92-79 Broker Registration Form

Non-Substantive Change

EXIM is requesting a non-substantive change on page 5 of the Form EIB 92-79 in the table titled Type of Policyholder Commission Rate (percentage of premium). The Short Term Multi-Buyer Commission Rate for All Financial Institutions is incorrectly specified as NA and should be corrected to state 8%. See below:

FROM:

Type of Policyholder Commission Rate (percentage of premium)

	Policy Type
Policyholder	Short Term Multi-Buyer	Short Term Single Buyer	Medium Term
SBA Small Business	15%	15%	10%
SBA Small Business + EXIM or SBA Working Capital Loan	20%	15%	10%
SBA Small Business + 3- year average annual export credit sales ≤ $10 million	40%	15%	10%
SBA Small Business + 3- year average annual export credit sales ≤ $10 million + EXIM or SBA Working Capital Loan	50%	15%	10%
Not SBA Small Business	15%	10%	10%
All Financial Institutions	NA	8%	8%

TO:

Type of Policyholder Commission Rate (percentage of premium)

	Policy Type
Policyholder	Short Term Multi-Buyer	Short Term Single Buyer	Medium Term
SBA Small Business	15%	15%	10%
SBA Small Business + EXIM or SBA Working Capital Loan	20%	15%	10%
SBA Small Business + 3- year average annual export credit sales ≤ $10 million	40%	15%	10%
SBA Small Business + 3- year average annual export credit sales ≤ $10 million + EXIM or SBA Working Capital Loan	50%	15%	10%
Not SBA Small Business	15%	10%	10%
All Financial Institutions	8%	8%	8%

The purpose of the change is to correct erroneous information. No additional burden or change in user experience will result.