COMMISSION TERMS. 6.1 As an Underwriting Agency We receive commission from Insurers and We will pay You commission on all risks placed with Us and any renewal thereof.
6.2 Any sub-broked business placed off-line or outside of core business via the website will be advised, case-by- case, in terms of commission and credit periods, otherwise the rate of commission is as set out in Our Commission Schedule, a copy of which is set out in Schedule 2. Commission is calculated on the element of premium excluding Insurance Premium Tax.
6.3 We reserve the right to change the Commission Schedule subject to giving 30 (thirty) days prior written notice to You.
6.4 In addition We may receive a Profit Commission from Insurers. If received, this will be retained by Us.
6.5 Where We agree or are required to return any part of the premium to Your Client, You will immediately repay to Us the equivalent proportion of Commission.
6.6 We reserve the right to set off and deduct any monies due from You from any Commission or other payment due to Us to You on any account whatsoever.
6.7 In the normal course of operating as an Underwriting Agency, We may sometimes ask a Lloyd’s Broker to assist Us in responding to Your instructions where We believe this could be beneficial to Your Client. Unless a fee arrangement has been agreed, these Brokers will usually be remunerated by commission, which will be included in the premiums charged. If this occasion should ever arise You will be advised at quotation stage.
COMMISSION TERMS. 6.1 Commission shall become due when You receive the premium from Your Client and must be withdrawn within twenty-five (25) working days of it becoming due. Where commission is payable to You, such will be done in monthly arrears provided that the sum due in any given month exceeds £20, with lesser sums accruing for payment in subsequent months.
6.2 Citybond reserves the right to change Your pre-agreed Commission structure subject to thirty (30) days’ prior written notice.
6.3 Where Citybond agree or are required to return any part of the premium to Your Client, You will immediately repay the equivalent proportion of Commission to Your Client.
6.4 Unless otherwise agreed in writing, Citybond reserves the right to offset any monies due from You against any Commission or other payment due from Citybond to You on any account whatsoever.
6.5 In the normal course of business, it may be necessary for Citybond to place certain risks on an ad hoc or individual basis with Insurers. If such occasions should arise, You will be advised of the terms and Commission levels at quotation stage and prior to inception of cover.
COMMISSION TERMS. 4.1. Upon reaching sales and promotions goals AGENT will receive a commission for each individual student enrolled at the SCHOOL by AGENT’s recommendation. The SCHOOL shall pay to the AGENT a commission fee according to the regulations of the commission payment plan chosen by AGENT from the options below:
4.2. Payment Plan options:
COMMISSION TERMS. 6.1 Commission shall become due when You receive the premium from Your Client. Where Commission is payable to You, such will be done in monthly arrears provided that the sum due in any given month exceeds £20, with lesser sums accruing for payment in subsequent months.
6.2 Citybond reserves the right to change Your pre-agreed Commission structure subject to thirty (30) days’ prior written notice.
6.3 Where Citybond agree or are required to return any part of the premium to Your Client, You will immediately repay the equivalent proportion of Commission to Your Client.
6.4 Unless otherwise agreed in writing, Citybond reserves the right to offset any monies due from You against any Commission or other payment due from Citybond to You on any account whatsoever.
6.5 In the normal course of business, it may be necessary for Citybond to place certain risks on an ad hoc or individual basis with Insurers. If such occasions should arise, You will be advised of the terms and Commission levels at quotation stage and prior to inception of cover.
COMMISSION TERMS. 6.1 Commission shall become due when You receive the premium from Your Client and must be withdrawn within twenty-five (25) working days of it becoming due. Where commission is payable to You from Us, such will be done in monthly arrears provided that the sum due in any given month exceeds £20, with lesser sums accruing for payment in subsequent months.
6.2 We reserve the right to change Your pre-agreed Commission structure subject to giving thirty (30) days prior written notice.
6.3 We may receive a share of underwriting profit from Insurers which, if received, will be retained by Us in full.
6.4 Where We agree or are required to return any part of the premium to Your Client, You will immediately repay to Us the equivalent proportion of Commission.
6.5 Unless otherwise agreed in writing, We reserve the right to offset any monies due from You against any Commission or other payment due from Us to You on any account whatsoever.
6.6 In the normal course of business, it may be necessary for Us to place certain risks on an ad hoc or individual basis with Insurers. If such occasions should arise, You will be advised of the terms and Commission levels at quotation stage and prior to inception of cover.
COMMISSION TERMS. 6.1 Commission shall become due when You receive the premium from Your Client. Where Commission is payable to You, such will be done in monthly arrears provided that the sum due in any given month exceeds £20, with lesser sums accruing for payment in subsequent months.
6.2 Citybond reserves the right to change Your pre-agreed Commission structure subject to thirty (30) days’ prior written notice.
6.3 Where Citybond agree or are required to return any part of the premium to Your Client, You will immediately repay the equivalent proportion of Commission to Your Client.
6.4 Unless otherwise agreed in writing, Citybond reserves the right to offset any monies due from You against any Commission or other payment due from Citybond to You on any account whatsoever.
COMMISSION TERMS. 7.1 As an Underwriting Agency We receive commission from Insurers and We will pay You commission on all risks placed with Us and any renewal thereof.
7.2 Any sub-broked business placed off-line or outside of core business via the website will be advised, case-by-case, in terms of commission and credit periods, otherwise the rate of commission is as set out in Our Commission Schedule, a copy of which is set out in Schedule 2. Commission is calculated on the element of premium excluding Insurance Premium Tax.
7.3 We reserve the right to change the Commission Schedule subject to giving 30 (thirty) days prior written notice to You.
7.4 In addition We may receive a Profit Commission from Insurers. If received, this will be retained by Us.
7.5 Where We agree or are required to return any part of the premium to Your Client, You will immediately repay to Us the equivalent proportion of Commission.
7.6 We reserve the right to set off and deduct any monies due from You from any Commission or other payment due to Us to You on any account whatsoever.
7.7 In the normal course of operating as an Underwriting Agency, We may sometimes ask a Lloyd’s Broker to assist Us in responding to Your instructions where We believe this could be beneficial to Your Client. Unless a fee arrangement has been agreed, these Brokers will usually be remunerated by commission, which will be included in the premiums charged. If this occasion should ever arise You will be advised at quotation stage.
8.1 Unless otherwise agreed, Your Terms of Credit are strictly 30 (thirty) days.
8.2 We will be responsible for the preparation of a Statement of Account which may take the form of, but not be limited to paper, disc, tape, electronic mailing, Excel and Word documents and this statement, unless otherwise agreed, will be the basis of accounting transactions between Us.
8.3 The Statement of Account will be rendered to the Agent on a monthly basis by Us. Payment of all monies by the last working day of the month following the month in which the entries are debited/credited.
8.4 Failure to settle accounts in accordance with Clause 8.3 shall be seen as a material breach of this Agreement and may result in Termination of this Agreement. ii. if You have obtained extended deferment periods from any premium finance house iii. if You have delays or experience difficulties within Your own accounting systems
COMMISSION TERMS. 7.1 Commission shall become due to You when You receive the premium from Your Client and must be withdrawn within 25 working days of it becoming due. Where commission is payable to You from Us by return, such will be done by monthly arrears provided that the sum due in any given month exceeds £20, with sums less than this accruing for payment in subsequent months.
7.2 We reserve the right to change Your pre-agreed Commission structure subject to giving 30 days prior written notice.
7.3 We may receive a share of underwriting profit from Insurers which, if received, will be retained by Us in full.
7.4 Where We agree or are required to return any part of the premium to Your Client, You will immediately repay to Us the equivalent proportion of Commission.
7.5 We reserve the right to offset any monies due from You against any Commission or other payment due from Us to You on any account whatsoever.
7.6 In the normal course of business, it may be necessary for Us to place certain risks on an ad hoc or individual basis with Insurers. If such occasions should arise, You will be advised of the terms and Commission levels at quotation stage and prior to inception of cover.
COMMISSION TERMS. 9.1 In respect of non-investment Insurance Business undertaken by you in accordance with this Agreement, you shall be entitled to be paid a commission calculated as the percentage set out in the schedule, and as agreed from time to time, of the premium exclusive of the Insurance Premium Tax and any other Taxes.
9.2 Both during and after the termination of this Agreement, you shall, within 30 days of the date of any Report (or such other period as is agreed between you and us) pay all sums due to us in respect of each insurance policy referred to in such Report comprising:
9.2.1 Insurance Premium Tax and any other Taxes in full; and
9.2.2 Premium less commission calculated in accordance with clause 9.1.
9.3 Subject to any credit terms agreed between you and us, unless payment is received by us in accordance with clause 9.2, we reserve the right to cancel immediately any insurance policy for which payment has not been received. In such circumstances, we reserve the right to contact the Customer direct for the purpose of obtaining payment.
9.4 You shall be responsible to account to us for the relevant proportion of the premium and Insurance Premium Tax and any other Taxes in respect of any insurance policy, which has been on risk and for which you have been unable to collect the premium from the Customer. In such circumstances, we reserve the right to contact the Customer direct for the purpose of obtaining payment.
9.5 We reserve the right to charge you interest in respect of the late payment of any amount due from you to us pursuant to this Agreement at the rate of 2 per cent over the base rate of Barclays Bank plc from time to time.
9.6 Both during and after the termination of this Agreement, if a premium or part of a premium is repaid to a Customer for any reason, you shall repay to us the proportionate part of your commission. Such repayment shall be made at the earlier of the time of the submission of the next Report following our repayment of such premium or part premium or 60 days from the date of such repayment.
9.7 Both during and after the termination of this Agreement, premiums or part premiums, you shall hold refunds of premiums and Claims monies collected by or paid to you pursuant to this Agreement in a designated trust client account.
9.8 For the avoidance of doubt, any handling or other charge in respect of any instalment or credit arrangement between you and us shall not attract commission.
9.9 When you have made an instalment payment plan a...
COMMISSION TERMS. Affiliates will be paid after the initial 35-day approval period and on the 20th of each month for the prior month's sales thereafter provided the total commissions have accumulated to $25.00 or greater. Once a minim of $25.00 in commissions has accumulated, payment will be made on the 20th of the subsequent month. Please note that commissions are based on payments received from your referrals. Therefore, if your referral issues multiple payments to us, your commissions will be issued on the 20th of the month after the referral’s payment is received.
