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They offered my schedule "A" which is the traditional 20% 1st year and 10% renewal, as earned contract.
And schedule "B" which is 21% 1st year and 11% renewal. The catch is that schedule "B" is based on first year premiums so if your clients premium go up in year 2 you will still be paid based on yr 1's premiums.
This is standard with BSC, you choose which schedule of commission you want--for a while they only offered "A" but got a lot of pressure to go back to "B".
Neither A nor B offer advanced or annualized commission. They both pay as earned monthly.
This isn't a big deal to me since people are always going to shop for new coverage once their premiums are increased.
Well, that depends. Currently Cross is raising large March 1 and Shield has no rate increase Feb 1 this year.
People who shop price (and the agents who help them) need to remember two critical words before they get all premium happy...."contestibility period".
Everytime someone jumps a plan for premium they open the window to a new 2-year lookback period, even if they change policies within the same carrier. I think we've seen enough with the retroactive recissions in the last 12 months in CA to know that this is not always the greatest idea.