overriding commission
Overriding commission is an insurance commission paid by an insurer to an agent or managing general agent for premium volume produced by other agents in a given geographic territory.
overriding commission
Overriding commission is an insurance commission paid by an insurer to an agent or managing general agent for premium volume produced by other agents in a given geographic territory.
Additional Information
In reinsurance, it is a commission paid to an intermediary in return for placing a retrocession of reinsurance.
