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Insurance Industry Commissions: Overview of Best Practices

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.