general agents

by darnardo1 » Fri May 22, 2009 07:43 am

If PPGAa hire agents under them in order to recieve overriding comissions on sales. What do we call those additional hired agents? Is there a title?

Do PPGAs recieve overriding comissions by hired brokers also?

Total Comments: 6

Posted: Fri May 22, 2009 10:45 am Post Subject:

If PPGAa hire agents under them in order to recieve overriding comissions on sales. What do we call those additional hired agents? Is there a title?


Writing agents.

Posted: Wed Jun 10, 2009 03:40 am Post Subject: General Agents

PPGA is a personal producing general agent. Those hired under my be called agents or LOA (licensed only agents), if PPGA controls the commission and service rights of policies sold.

Posted: Wed Jun 10, 2009 05:34 am Post Subject:

Hi Safemoney4u,

PPGA is a personal producing general agent.


How are these agents different than others? Do they have the authority to alter terms of the policies?

Steven

Posted: Wed Jun 10, 2009 05:38 am Post Subject:

Hi Darnardo1,

If PPGAa hire agents under them in order to recieve overriding comissions on sales.



What percentage of the hired agent's com. do they get in return?

Steven

Posted: Wed Jun 10, 2009 07:35 am Post Subject:

PPGA is a personal producing general agent. Those hired under my be called agents or LOA (licensed only agents),



Safemoney4u , how exactly the roles of PPGA and license agents differ?

Does it mean that the license agents wouldn't have a say over the rate of commission they would receive from the sells?

Posted: Mon Aug 17, 2009 06:05 am Post Subject:

Hi Steven

It differs from agency to agency however as I know it ranges from 4~10% overall

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