Commission question guys

[loudee]

I like the way Golden Rule only pays commission on standard 1 rates even if you have a policy that was approved standard 2. Are all the carriers like this?

Lou

 

[patch36]

Don't most carriers pay based on premium?

 

[moonlightandmargaritas]

Some pay on the rate-up, some don't.

 

[loudee]

Don't most carriers pay based on premium?

Here's the direct quote from an email I received:

"Golden Rule commissions are based on standard 1 rates."

Nice huh...


Lou

 

[patch36]

So they don't pay on the rate up? If so, why is that good?

 

[loudee]

So they don't pay on the rate up? If so, why is that good?

It's not good. It was an attempt at sarcasm

Lou

 

[moonlightandmargaritas]

It cuts both ways with GR. If your client gets preferred, you get more comp.

 

[patch36]

Sorry, I didn't get it, but I do now

 

[loudee]

It cuts both ways with GR. If your client gets preferred, you get more comp.

Didn't know that but that was my next question.

Thanks
Lou

 

[Invain15]

Not all carriers are that way American Community, Assurant, World and Imerica all pay on write ups