Contingent Commissions Clause Samples

Contingent Commissions. Notwithstanding anything to the contrary in this Agreement, while TPA may receive compensation under this Agreement based on premiums or charges collected or on the number of claims paid or processed, TPA shall not receive commissions, fees or charges which are contingent upon savings obtained in the adjustment, settlement, and/or payment of losses covered by any Customer's or any other insurer's obligations.

Contingent Commissions. Neither the Broker nor any affiliate of the Broker (including any intermediary used by the BROKER) will accept any commissions or consideration, directly or indirectly, from any insurance company, underwriter, or other entity or individual (other than as defined in this Attachment) that is paid or given on account of a certain volume or type of business being placed with any particular carrier, including payments commonly referred to as contingent commissions, if the insurance purchased by SBBC with respect to the Scope of Services is considered as part of such volume or type (collectively the "Contingent Commissions"). The Broker shall promptly disclose to SBBC all Contingent Commissions (or any other form of remuneration) offered to the BROKER or intermediary in the placement of SBBC’s insurance. It is the intent of the parties that neither the Broker nor intermediary receive, in the aggregate, more than the compensation set forth above from all sources in connection with the performance of the Scope of Services.

Contingent Commissions. Many insurers agree to pay contingent commissions to brokers who meet set goals for all or some of the policies the brokers place with the insurer during the current year. The set goals may include volume, profitability, retention and/or growth thresholds. Because the amount of contingent commission earned may vary depending on factors relating to an entire book of business over the course of a year, the amount of contingent commission attributable to any given policy typically will not be known at the time of placement.

Contingent Commissions. Notwithstanding anything to the contrary in this Agreement, while Administrator may receive compensation under this Agreement based on premiums or charges collected or on the number of claims paid or processed, Administrator shall not receive commissions, fees or charges which are contingent upon savings obtained in the adjustment, settlement, and/or payment of losses covered by Customer’s or any other insurer s obligations. 11.7

Contingent Commissions. Many insurers agree to pay contingent commissions to insurance producers who meet set goals for all or some of the policies the insurance producers place with the insurer during the current year. The set goals may include volume, profitability, retention and/or growth thresholds. Because the amount of contingent commission earned may vary depending on factors relating to an entire book of business over the course of a year, the amount of contingent commission attributable to any given policy typically will not be known at the time of placement. • Supplemental Commissions – Certain insurers and wholesalers agree to pay supplemental commissions, which are based on an insurance producer’s performance during the prior year. Supplemental commissions are paid as a percentage of premium that is set at the beginning of the calendar year. This percentage remains fixed for all eligible policies written by the insurer during the ensuing year. Unlike contingent commissions, the amount of supplemental commission is known at the time of insurance placement. Like contingent commissions, they may be based on volume, profitability, retention and/or growth.