An insurance producer may have his/her license suspended or revoked by earning commissions for business written on his/her own property and risks if the commissions received are more than what percentage of the licensee's net aggregate commissions during the preceding 12 months?

Question

Social Studies

Asia Trevino

30 January, 12:14

An insurance producer may have his/her license suspended or revoked by earning commissions for business written on his/her own property and risks if the commissions received are more than what percentage of the licensee's net aggregate commissions during the preceding 12 months?

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Answers (1)

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Kaila Moran · Answer 1

This percentage is 10%

Explanation:

If the insurance provider goes over 10% for the licensee's net aggregate commissions during the preceding 12 months they might get their liocense suspended or revoked.