general agents

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PostPosted: Fri May 22, 2009 7:43 am   Post subject: general agents  

If PPGAa hire agents under them in order to recieve overriding comissions on sales. What do we call those additional hired agents? Is there a title?

Do PPGAs recieve overriding comissions by hired brokers also?
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PostPosted: Fri May 22, 2009 10:45 am   Post subject:   

Quote:
If PPGAa hire agents under them in order to recieve overriding comissions on sales. What do we call those additional hired agents? Is there a title?

Writing agents.

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PostPosted: Wed Jun 10, 2009 3:40 am   Post subject: General Agents  

PPGA is a personal producing general agent. Those hired under my be called agents or LOA (licensed only agents), if PPGA controls the commission and service rights of policies sold.
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PostPosted: Wed Jun 10, 2009 5:34 am   Post subject:   

Hi Safemoney4u,

Quote:
PPGA is a personal producing general agent.

How are these agents different than others? Do they have the authority to alter terms of the policies?

Steven
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PostPosted: Wed Jun 10, 2009 5:38 am   Post subject:   

Hi Darnardo1,

Quote:
If PPGAa hire agents under them in order to recieve overriding comissions on sales.


What percentage of the hired agent's com. do they get in return?

Steven
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PostPosted: Wed Jun 10, 2009 7:35 am   Post subject:   

Quote:
PPGA is a personal producing general agent. Those hired under my be called agents or LOA (licensed only agents),


Safemoney4u , how exactly the roles of PPGA and license agents differ?

Does it mean that the license agents wouldn't have a say over the rate of commission they would receive from the sells?
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PostPosted: Mon Aug 17, 2009 6:05 am   Post subject:   

Hi Steven

It differs from agency to agency however as I know it ranges from 4~10% overall
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