Insurance Term
Commission
The payment an agent receives from the insurance company for selling a policy, usually a percentage of the premium.
Detailed Explanation
Commissions are the primary way insurance producers are compensated. Rates vary by product type and company.
Premium Study Material
Don't just memorize terms.
Master the exam.
Get access to 650+ exam-like questions, detailed explanations, and specific state law-supplements for your state.
Pass Guarantee
State-Specific Content
Unlimited Practice Tests
Instant Feedback
Practice QuestionEasy
Which of the following best describes the concept of Commission?
Start Practicing →