Depending on the carrier, the transaction date for payments might vary as well as fees and taxes.
Aon Edge
Commissions are paid 100% upfront following the month the policy is written. Where permissible, taxes and fees may apply to the policy and are considered non-commissionable.
Bamboo
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made.
biBERK
Commissions are paid as earned. They are paid the month following the policy's effective date only when the first payment has been made.
Branch
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made.
Clearcover
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made. Clearcover charges fees where permissible. Fees can range from $0.50 to $35 and are considered non-commissionable.
Coterie
Commissions are paid 100% upfront, the month following the policy's effective date.
CNA
Commissions are paid 100% upfront, the month following the policy's effective date.
Cover
A policy has to be considered in force for commissions to be calculated. In-force is defined as an active policy. Commissions are earned by the policyholder making a payment. The commission rate is calculated on the payment amount instead of the written premium earned. Examples: If a customer pays monthly, the commission is based on that one-month payment. If a customer pays in full, the commission is based on the full-term premium amount paid.
In the state of Texas, insurance providers are required to charge $4 per motor vehicle and this charge is applied again when changing vehicles. This fee is paid to the state. This fee is non-commissionable and not part of the commission calculation.
Cowbell
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made.
Ethos
Commissions are paid as earned after the policy's payment from the first year. There is a policy fee that is excluded and considered non-commissionable.
Gainsco
Commissions are paid as it is earned after payment of the policy. This will always be monthly, and payment will be made the following month.
Get Covered (HO-4)
Commissions are paid 100% upfront, the month following the policy's effective date. Cover applies a $20 fee to each policy which is non-commissionable.
Get Covered (Rent Guarantee)
Commissions are paid monthly after each payment of premium is collected.
Hiscox
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made.
Homeowners of America
Commissions are paid as it is earned after payment of the policy. This will always be monthly, and payment will be made the following month.
Ladder
Commissions are paid 100% upfront after the first payment of the policy. They are paid the month following the effective date of the policy only when a first payment has been made, only for the first year.
Lamar General Agency
Commissions are paid as earned. They are paid the month following the policy's effective date only when the first payment has been made.
Lemonade
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made.
MileAuto
Commissions are paid as it is earned after payment of the policy. This will always be monthly, and payment will be made the following month.
Next
Commissions are paid as earned. They are paid the month following the policy's effective date only when the first payment has been made.
Openly
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made. Openly charges a policy fee or tax where permissible. The fee is either $50 or $75, and the tax might vary. Both of them are considered non-commissionable.
Pathpoint
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made. There is a $100 broker fee that is fully earned and non-commissionable.
Pouch
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made. There is a $30 policy fee that is fully earned and non-commissionable.
Pie
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made.
Sensa
A policy has to be considered in force for commissions to be calculated. In-force is defined as an active policy. Commissions are as earned by the policyholder making a payment.
Stillwater
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made.
Thimble
Commissions are paid 100% upfront. They are paid the month following the policy's effective date only when the first payment has been made.