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Remarket Personal lines Commission

by Andy
(San Rafael, CA)

Will most brokers not pay a commission on business you currently have but have had to market to another carrier for a lower premium, just to keep the client?

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Remarket Personal lines Commission

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Re: Broker commissions
by: Ted

Hey Andy;

If I understand you Correctly, you are saying that you had to re-write a case with another carrier to get a lower premium so that you could keep the client.

Basically, this probably falls into the category of a replacement policy.

I would then say this is usually done on a case by case basis.

Normally, the agency you are writing for would have some type of written policy re: this situation. I would look to that.

With out knowing all the details it is hard to say what your agency or company policy is.

Some time common sense don't make sense to the big companies. And today the profit margin is pretty this on writing business.

Hope this helps. feel free to respond.

Ted


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