AA3/4
What is the Auto Compensation Rate for Service Compensation - Personally Prod and Assigned
Auto PP = 10%
Auto Assigned = 7%
What is the name of the company on the Pay Schedule for TX Auto?
Texas County Mutual - TCM
What is the name of the Company on the pay schedule for NJ Auto?
STATE FARM INDEMNITY COMPANY
What is the AMD66 Pay Schedule for?
It provides a lesser compensation for any new business (auto/Fire) done online, through CCC-Sales (Afterhours). Does not apply to existing customers.
What are the premium modes for Health?
Quarterly, Semiannual, Yearly
What is the Fire Compensation Rate for Homeowners- Personally Prod and Assigned
Fire PP = 15%
Assigned PP = 66 2/3 % of the 15%
What is the Compensation Rate for a California CEA Policy?
10%
What is the Compensation % for a Probate, public official, and License Bond ?
25%
What is the Writing Competition for a GAINSCO policy? How much for Renewal?
What is the compensation rate for a Jackson Variable Annuity for $450,000? Which pay period is the compensation found?
1.01% - End of Each Month
What does Net Premium mean?
This means the gross/total premium collected less any refunds (Chargebacks) and expenses.
What is the Service Compensation Rate for Personal Lines and Commercial lines for TX LLoyds (Fire).
10% for both
What is a chargeback?
It is when the policyholders' premiums are refunded to them. The agent's compensation is impacted by this.
What is the compensation rate for SF Classic?
It will be based on the Auto Pay schedule for their agreement/contract type
What is the compensation rates for a PAC Life Annuity?
26% for Target Premium and 4% for Total Premiums - 11% on any amount above Target Premiums.
What is the First Policy Year Premium % for a Disability Income Policy?
The First-year percentage would be 35%
What is the Compensation Rates for Crop Hail Policies for IA/NE>
15%
PP = 8&
Assigned = 7%
What would be the compensation % on a Mutual Funds account where the policyholder added 175,000 into the account.
IF the funds were a NON-NAV account, it would be 1.24%. Remember to let the agent know they do not earn commission on NAV/I-share funds (Agents, ATMs, Family and SF Employees (securities Registered)
How much is the compensation for percentage for a Trupanion policy for New and Existing?
6% for both
First $2000 = 8%
Over $2000 = 5%
Renewal = 0% - Policies have to be re-written each time vs auto renewal.
What Is the Compensation % for a Supplemental Health Policy? What product is this related to?
25% - Hospital Income
This health product is no longer sold but earns service comp?
Long Term Care
How much compensation is an agent paid for writing a US Bank Checking account?
25.00 if all compensation triggers are met - Account is reviewed 29 days after opening and every day through day 89 until the qualifying criteria are met:
• The account must be open and in good standing • Average daily balance in the prior calendar month must be at least $250
• At least 1 deposit must have been made into the account in the previous 30 days
If criteria are not met on or before Day 89 after opening, the account is not eligible for compensation
10% of the new written premiums