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    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #1

    Jun 4, 2012, 06:06 AM
    Auto Insurance Policy
    When the agent writes the policy he gets a commission. But what about every time
    The policy is renewed ? Is it just a one time commission?? Or does it recur.
    smoothy's Avatar
    smoothy Posts: 25,495, Reputation: 2853
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    #2

    Jun 4, 2012, 06:11 AM
    Quote Originally Posted by pastor1189 View Post
    When the agent writes the policy he gets a commission. But what about every time
    the policy is renewed ? Is it just a one time commission??? or does it recur.
    That would be deternined by their contract with the insurance company.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,277, Reputation: 7690
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    #3

    Jun 4, 2012, 06:33 AM
    That depends on the company, some agents are actually salary employees and no not make commission. Other agents are merely sales people for a agency, and they do not make renewals every time.

    If the agent is directly licensed by the auto insurance company ( not a sub agent under another agent) they will normally make 7 to 15 percent of the amount paid, and receive this every time it is paid, This is done because the agent often has servicing duties
    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #4

    Jun 4, 2012, 06:50 AM
    Quote Originally Posted by Fr_Chuck View Post
    That depends on the company, some agents are actually salary employees and no not make commission. Other agents are merely sales people for a agency, and they do not make renewals every time.

    If the agent is directly licensed by the auto insurance company ( not a sub agent under another agent) they will normally make 7 to 15 percent of the amount paid, and receive this every time it is paid, This is done because the agent often has servicing duties
    Example is State Farm
    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #5

    Jul 30, 2012, 08:40 AM
    Thank you

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