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Commission

Fee paid to an agent or insurance salesperson as a percentage of the policy premium. The percentage varies widely depending on coverage, the insurer and the marketing methods.

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Insurance
  • Category: Life insurance
  • Company:
  • Product:
  • Acronym-Abbreviation:
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