- 14,809
"World Insurance has announced a change to their commission advances starting with policies written on 9/23/2010 and after. Anything written prior to 9/23/2010 is going to continue to be paid as you are currently. World has announced the following:
For policies written 9/23 and after, they will now be paying a 6 month advance.
They will guarantee your current commission rate for the 6 month duration of the advance.
Once the 6 month advance is earned out, commissions may adjust to new levels based on MLR regulations.
If no commission changes are made, then you will be paid as earned at your current % for the duration of the 1st year.
World will not charge back or seek recovery of any commissions advanced to you under this agreement, except for the normal remedies for lapsed or cancelled policies."
Sent to me by Health Choice One.
For policies written 9/23 and after, they will now be paying a 6 month advance.
They will guarantee your current commission rate for the 6 month duration of the advance.
Once the 6 month advance is earned out, commissions may adjust to new levels based on MLR regulations.
If no commission changes are made, then you will be paid as earned at your current % for the duration of the 1st year.
World will not charge back or seek recovery of any commissions advanced to you under this agreement, except for the normal remedies for lapsed or cancelled policies."
Sent to me by Health Choice One.