An insurance producer may have his/her license suspended or revoked by earning commissions for business written on his/her own property and risks if the commissions received are more than what percentage of the licensee's net aggregate commissions during the preceding 12 months?

Question

Allie Morris

Social Studies

22 December, 09:56

An insurance producer may have his/her license suspended or revoked by earning commissions for business written on his/her own property and risks if the commissions received are more than what percentage of the licensee's net aggregate commissions during the preceding 12 months?

+5

Answers (1)

Know the Answer?

Jeramiah Price · Answer 1

This percentage is 10%

Explanation:

If the insurance provider goes over 10% for the licensee's net aggregate commissions during the preceding 12 months they might get their liocense suspended or revoked.