Question

What is Overriding commission?​

Answer 1

Answer:

A fee or percentage of money which is paid to a party responsible for placing a retrocession of reinsurance. In insurance, a fee or percentage of money which is paid by the insurer to an agent or general agent for premium volume produced by other agents in a given geographic territory

Answer 2

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→ A fee or percentage of money which is paid to a party responsible for placing a retrocession of reinsurance.

→ In insurance, a fee or percentage of money which is paid by the insurer to an agent or general agent for premium volume produced by other agents in a given geographic territory.

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