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The advance was nice, but it took forever to get the renewals.Maybe so, I remember something like 400% first month then 200% and so on, something like that. All I know if you quit or the business cancelled you owed big time.
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The advance was nice, but it took forever to get the renewals.Maybe so, I remember something like 400% first month then 200% and so on, something like that. All I know if you quit or the business cancelled you owed big time.
That's dangerous!Maybe so, I remember something like 400% first month then 200% and so on, something like that. All I know if you quit or the business cancelled you owed big time.
That would be like advancing 6 years commission. Can you imagine having several die, or get replaced. You'd be in the hole a long time.Maybe so, I remember something like 400% first month then 200% and so on, something like that. All I know if you quit or the business cancelled you owed big time.
That would be like advancing 6 years commission. Can you imagine having several die, or get replaced. You'd be in the hole a long time.
Another thing they did for the Captive side(not sure about the Independents), is they started paying renewals on the premiums as they were raised instead of on the original premium. That was on a new block of business only. They didn't wait too long to close that block and stop that. Seems like it might've lasted about a year.You are correct, it was 18 months. I really was designed to keep the agent in debt with them so they wouldn't leave. It worked quite well for that purpose.