Net Insurance Commission definition
Net Insurance Commission means the commission portion of the Gross Insurance Premium received from the insurance provider minus any transaction fees.
Examples of Net Insurance Commission in a sentence
In consideration of the access provided by Rentberry to Sure, Sure shall pay Rentberry 50% percent of Net Insurance Commission (defined below) for each Product sold by Sure to users of Rentberry’s Channels (“Marketing Fee”).
Sure shall provide monthly reporting detailing the Gross Insurance Premium (defined below) and Net Insurance Commission for any Products sold through the Channels for the preceding month.