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What commission is paid for a new P&C Agent

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Posted: Tue Sep 20, 2011 4:18 pm   Post subject: What commission is paid for a new P&C Agent   The new Agent referenced above sold just life insurance products part-time for a period of 5 years. The agent now accepts an offer to begin selling property and casualty (P&C) insurance having no experience in P&C. What level of commission (%) should the Agent expect?	bkay76m New member Joined: 20 Sep 2011 Posts: 1 1.15 Dollars($)
Posted: Wed Sep 21, 2011 9:19 am   Post subject:    Well I guess it depends on the company you work for. But as a property and casualty insurance agent you may expect a 12-15% commission, while as a life insurance agent you may get paid as high as up to 100% commission.	Monawayne Preferred member Joined: 12 Sep 2011 Posts: 119 Location: Arizona 11.98 Dollars($)
Posted: Wed Sep 21, 2011 2:25 pm   Post subject:    /Agent commissions depend on whether you are a direct writing agent or writing through an agency. As a direct writing agent, you will be paid 15%-25% on most new business, 3%-10% on renewals. If working through an agency, your percentage of the commission will be established by contract with the agency principal. If you need to be trained, expect your commission to be on a "split". 60% to you, 40% to the agency would be the lowest you might accept (60% of 15% is only 9% of the net commissionable premium -- a $500 auto premium on a new policy to the customer might be a $300 net premium to the agent, so 9% of $300 is a mere $27). An experienced agent would command 90% or more of the agency commission. You would expect to receive renewals as long as you stay with the agency, but leaving the agency would probably mean leaving those renewals behind, and starting all over. _________________ CA-licensed P&C Broker-Agent and Life Agent. CA Insurance Lic #0596197. Now investigating insurance company abuses, and providing litigation support and expert witness services. Send me your questions, and I'll send you my answers.	MaxHerr Moderator Joined: 29 Nov 2009 Posts: 4629 Location: Pomona CA 210.19 Dollars($)

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