Regular
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Commission Schedule:
| POLICY
TYPE
|
GENERAL AGENTS |
DIRECTORS |
BROKERS *** |
| Substandard Business * |
10% |
10% |
5% |
| Standard Fire |
15% |
15% |
5% |
| Farmowners |
18% |
18% |
5% |
| Mobilehomeowners |
10% |
10% |
5% |
| Homeowners |
15% |
15% |
5% |
| Inland Marine ** |
*** |
*** |
*** |
| Special Multi Peril |
20% |
15% |
5% |
| Landlords Package |
15% |
15% |
5% |
| Businessowners |
20% |
15% |
5% |
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Substandard Business is defined as
a marginal risk, being insured on a Standard Fire Policy only as an accommodation.
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Inland Marine coverage must always
be attached to a supporting policy. Therefore, commission is paid according to the
supporting policy. Example: a Farmowners policy with Inland Marine attached will be paid
18%.
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A Broker is an individual or
agency that is not licensed with the company as an agent. For example, when an agency
agreement has been terminated, all policies left on the books are treated as a Broker.
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