Common use of Agent Commissions Clause in Contracts

Agent Commissions. The Exchange’s intent is to pay market level broker and general agent commissions. In order to facilitate the Exchange’s ability to administer enrollment in Covered California for Small Business based on efforts that are consistent for non-Exchange products and to achieve consistency in compensation arrangement for products sold inside and outside the Exchange: (i) the Exchange shall enter into arrangements with agents to sell Contractor’s QDPs through Covered California for Small Business, (ii) the Exchange will be responsible for payment of agents, (iii) the Exchange will provide Enrollee specific and agent-specific information to Contractor regarding commissions paid, and (iv) Contractor will reimburse the Exchange for the Exchange’s payment of a standard agent commission through the Exchange’s offset of agent commissions owing to the Exchange from the Covered California for Small Business premiums collected by the Exchange, as such offset shall be performed in accordance with the offset procedures set forth at Section 5.1.3 and 5.2.2.

Agent Commissions. The Exchange’s intent is to pay market level broker and general agent Agent commissions. In order to facilitate the Exchange’s ability to administer enrollment in Covered California for Small Business based on efforts that are consistent for non-Exchange products and to achieve consistency in compensation arrangement for products sold inside and outside the Exchange: (i) the Exchange shall enter into arrangements with agents Agents to sell Contractor’s QDPs QHPs through Covered California for Small Business, (ii) the Exchange will be responsible for payment of agentsAgents, (iii) the Exchange will provide Enrollee specific and agentAgent-specific information to Contractor regarding commissions paid, and (iv) Contractor will reimburse the Exchange for the Exchange’s payment of a standard agent Agent commission through the Exchange’s offset of agent Agent commissions owing to the Exchange from the Covered California for Small Business premiums collected by the Exchange, as such offset shall be performed in accordance with the offset procedures set forth at Section 5.1.3 and 5.2.2.