Insurance Industry Commissions: Overview of Best PracticesPDF
June 6, 2013
Spencer Hamer gave an overview of best practices regarding commission payments in the insurance industry on a Michelman & Robinson, LLP hosted webinar.
Topics covered included:
- California's new written commission agreement law;
- Defining advances and earned commissions;
- Allocating commissions;
- Timing of payments;
- Chargebacks and deductions;
- Conditions & forfeiture;
- Drafting commission agreements;
- And other industry-specific issues regarding commissions.