If you have the required FSA insurance permissions, then we are able to accept introductions from you and make payments for subsequent General Insurance sales.

A scheme has been launched that enables us to share our insurance commission with you.

Under the terms of the scheme, Chelsea will take care of the sales and compliance processes and you will receive a shared insurance commission payment.

• If a combined Chelsea buildings and contents policy is sold then we will make you a payment of £60 following completion.
• If a Chelsea ASHU policy is sold then we will make you a payment of £50 following completion.
• If both policies are sold, then you would earn £110.

For more information on the Shared Insurance Commission scheme, please contact your local BDM.

There is no paperwork involved, all you have to do is request the relevant options from the drop down box on the insurance section of the application form. Then leave the rest to Chelsea!

Chelsea has committed to ensuring we do not actively cross sell against our intermediaries. If the intermediary arranged option is selected on the insurance options, Chelsea will not contact the customer directly to discuss insurance.

To qualify for shared insurance commission, the following must apply:

• you have FSA permissions to introduce insurance (and will notify Chelsea if these permissions are withdrawn)
• the shared insurance commission fee will only be paid when Chelsea options are selected
• shared insurance commission will be paid at the end of the month following the month of mortgage completion provided the qualifying policy is in force at the time

Chelsea’s B&C insurance and ASHU is provided and underwritten by Legal and General Insurance Limited.

Chelsea Building Society and Legal and General Insurance Limited are authorised and regulated by the Financial Services Authority.