For Commissions, Are Lapses Pro-rated?

Jan 27, 2016

  1. Derrick
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    Derrick Super Genius

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    Hello,

    Just curious how lapses work in terms of commission. IE. If I signed up a 6 month personal auto for $600, and they lapse in month 3 and paid only $300. Do I still get FULL commission on just the $300?
     
    Derrick, Jan 27, 2016
    #1
  2. indienoise
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    indienoise Guru

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    your percentage should be the same. Whether it's cancelled pro rata or short rate might affect your earned premium.
     
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