Commission paid to a general agent, special agent, agent, or manager in addition to the commission paid the agent or broker who secures the application or renewal of the contract.
This is the commission payable by the Merchant to the Network as the result of a concluded sale by an Affiliate.
A term used in traditional insurance to describe a commission earned by a field office manager based on the business produced by the agents in that office. The term is also used in reinsurance and describes an allowance paid to the ceding company to allow for overhead expenses and includes room for profit.
A commission paid to general agents or agency managers in addition to the commission paid to the soliciting agent or broker.
(1) A commission which an agent or broker may receive on any business sold in his exclusive territory by subagents. Also sometimes called "overwriting" or "overriding." (2) An allowance paid to a ceding company over and above the acquisition cost to allow for overhead expenses, often including a margin for profit. (G)
An insurance sales commission that is based on the amount of sales produced by the agents in a field office. Also known as override.
Commission that is earned by the field office manager and is based upon the business that is created by the agents in the office.
Commission payable in addition to the original commission.
