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What is target premium?
Target premium is the amount that the agent's commission is based off of. It is neither the planned premium or minimum premium to keep the policy in force. Sometimes called the "commissionable premium."
How much an life insurance agent earns?
An insurance agent usually earns 10-15% of the first years premium as commission on each policy plus everytime a customer makes a premium payment in the subsequent years, he would get 1 or 2% of the premium amount Apart from this, they may have some bonus or gifts if they happen to get many policies in a month or quarter or year.
How do you calculate the conductance of a resistor?
how calcualte conductivity
What is an insurance application?
an application is what an insurance agent fills out and you sign and pay premium and then the agent summits to company
Why is your insurance agent sending you a premium notice?
Normally the premium notice comes directly from the insurer. However, if one or more premiums have been missed, and the policy is at risk for lapsing (terminating for nonpayment), the insurer may notify the agent. The agent may therefore notify you of the impending lapse and the need to make premium payments so as to prevent the lapse.
What are premium rates for motorcycle insurance?
Too many variables, call and ask your agent!
How do you calcualte the optimal size of IPO?
How do you calculate the optimal size of an IPO?
How much does a medical insurance agent make?
It varies depending on the type of coverage, amounts of premium involved, and the contract the agent has with the particular insurance company.
How much does a health insurance agent earn?
An insurance agent selling health insurance on an individual basis, earns about 10% of the premium. Come carriers pay more for the first year and less in subsequent years. According to the department of labor the average agent earns about $44,000 per year. Don http://mtnhealthinsurance.com
Do Insurance Companies mind if you have coverage with them but go to a different agent and get a cheaper quote and then bind that cheaper quote from the same company?
Insurance agents make their money as a percentage of your premium. Obviously, the larger the premium, the more profit there is for the agent. Also with a larger pool of clients the agent can accept a smaller profit and still make money. The insurance *company* is going to negotiate an acceptable split with anyone acting as their agent. Which agent you deal with is not their concern. There may even be laws preventing them from steering towards one agent in preference to another.
When the policy premium wasn't submitted with the application what should the agent obtain from the insured upon policy delivery?
When the policy premium wasn't submitted with the application, the agent should obtain the premium payment from the insured upon policy delivery. Additionally, the agent should ensure that the insured understands the payment process and confirm that all necessary documentation is complete. It's also important to review the policy details with the insured to address any questions before finalizing the delivery.
How to calcualte average?
i think t means complex calculations like averaging the results o
