A payment made to a reinsurer from a primary insurance company. The commission is a percentage of the profit earned by the policy.
Related information about profit commission:
- profit commission - Insurance Glossary
profit commission - A provision found in some reinsurance agreements that provides for profit sharing.
- Glossary - Lloyd's - Lloyd's
The following are examples of profit commission: (a) the commission paid to a coverholder by a managing agent for underwriting a profitable account; (b) the ...
- What is profit commission? definition and meaning
Definition of profit commission: A payment made to a reinsurer from a primary insurance company. The commission is a percentage of the profit earned by the ...
- How to Calculate Profit Commission in Reinsurance | eHow.com
How to Calculate Profit Commission in Reinsurance. In years without any major natural disasters or extraordinary insurance events, reinsurance commissions ...
- Topix - Melville Jessup Weaver
Properly used, profit commission is a useful way of sharing the ... Profit commission may also be known as ... renewal of a single policy, profit commission is ...
- Glossary of Reinsurance Terms - Guy Carpenter
Profit Commission. See Contingent Commission. Profit Margin. As a pricing factor (along with expenses and losses), the return the reinsurer expects from the ...
- avn 64a profit commission on renewal clause
PROFIT COMMISSION ON RENEWAL CLAUSE. After expiry of the Policy and following the receipt by the Insurers of the final adjustment of the premium due in ...
- avn 87 profit commission clause
PROFIT COMMISSION CLAUSE. After expiry of this Policy and following the receipt by the Insurers of the final adjustment of all premiums due and settlement of ...