I'm coming from the life and health world and am new to P & C. My question is about splitting commissions. On L & H applications from virtually everyone there is a place at the end to put in another agents writing numbers if commissions are being split. So the split happens at the carrier level and each agent receives a separate check for their share of the commission from the insurance company.
My question is...is there the same set up in the P & C world? Is there a place on an application to split commissions? Or does all the commission go to the agent (or agency) writing the policy and then the agent/agency pays out splits at that level?
My question is...is there the same set up in the P & C world? Is there a place on an application to split commissions? Or does all the commission go to the agent (or agency) writing the policy and then the agent/agency pays out splits at that level?