Contracts with Direct Select Agencies offers a commission split on the business written through our carrier partners. Direct Select Agencies will receive commissions from the carrier and distribute to the agency each month. Commissions are calculated based on the access point in which the policy was issued.
Exhibit A – COMMISSION TABLE
|Advisor Agent commission split based on book size:|
|Size of Book||% Commission Paid to Agency|
|$100,000 - $150,000||65%|
|$150,001 - $200,000||70%|
|$200,001 - $300,000||75%|
|$300,001 - $400,000||80%|
|$400,001 - $500,000||85%|
Commission percentages are based on admitted Personal Lines business
Commission percentages are subject to maintaining a profitability threshold of 52%
Profitability will be measured quarterly
2 Consecutive negative quarters may result in lowering the commission split
Commission percentages are for sub appointments obtained with participating carriers
Safeco, Travelers, Kemper, and Allied
Surplus lines policies will not count to the overall size of the book.
Commission tiers will be evaluated bi-annually and adjusted, with notice, accordingly.
Net monthly commissions will be calculated by adding new, endorsement, and renewal business, less charge-backs.
Charge-back premium includes policy cancellations and MVR usage.
All commission-able and charge-back activity will be listed on the monthly commissions statement.