Commission; Notification of Compensation; Fees. (1) Commission Some Products sold by COMPANY are commissionable to BROKER, while others are not. Quotes and invoices provided to BROKER by COMPANY shall clearly state whether or not commission is payable. On commissionable Products, the commission payable shall be at a rate stipulated by COMPANY, which rate is within COMPANY’s sole discretion. In the event that a Policy on which BROKER has received a commission is cancelled or modified (regardless of whether such cancellation or modification is instituted by an insurance company, a financial services company, COMPANY, BROKER, the insured, a premium finance entity, or by any other person or organization), BROKER shall pay return commission to COMPANY on return premium at the same rate at which such return premium is calculated.
