FREE access to Professional Liability Insurance.

Click here for more information.
You are currently not signed in. Any products you have purchased will not be available until you Sign In.
For a personalized walk-through of IRMI Online, Request a Demo.

override

An agreement between an insurer and intermediary (or between an insurer and reinsurer or a retrocessionaire) based on the percent of written (or ceded) premium that will be guaranteed income to the intermediary/insurer/reinsurer. There is usually a credit offset for other commissions (regular and contingent commissions) paid. This introduces a question of how fees paid by an insured to an intermediary are handled and should be disclosed along with other income, such as contingent commissions.

Navigation

Social Media