Property & Casualty insurance renewals

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PostPosted: Mon Jan 18, 2010 11:01 pm   Post subject: Property & Casualty insurance renewals  

The agent averages 50-60 policies written per month. What percentage of the renewal premium should the agent receive the 2nd year & thereafter?
gberkson
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1.27 Dollars($)

PostPosted: Tue Jan 19, 2010 3:09 am   Post subject:   

I'd guess that really depends on the terms of his contract! Bottom line is that there's no set in stone answer I'd guess. some places pay a higher retainer and lower commision, others work on higher commision rates and lower base salaries.
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heidrek
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PostPosted: Fri Jan 22, 2010 12:00 pm   Post subject: Percentage of renewal premium  

That depends on the guidelines of the insurance regularity authority
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