Rudolph E. Bucci, Inc. v. Greater New York Mutual Insurance

Special contingency commission agreements between insurance carriers and their producers based on favorable underwriting experience are commonly known in the insurance industry, but judicial construction of their terms is rare.' This is one such case.

Plaintiff insurance broker Rudolph E. Bucci, Inc. (Bucci), wrote policies of liability and workmen’s compensation insurance for the defendant carrier, Greater New York Mutual Insurance Co., during the period 1961 to April, 1964. On Sep*466tember 18, 1962, they entered into a “ Special Contingency Commission Agreement ” which, in effect, gave Bucci as…