| Group Health Commission
Schedule
Commission
Scales for Groups of 1-50 Employees |
| Amount of Annualized Premium:* |
|
| On the first $0-$30,000 of premium |
6.0% |
| On that part of premium in excess of $30,000 but
not exceeding $40,000 |
5.0% |
| On that part of premium in excess of $40,000 but
not exceeding $50,000 |
4.0% |
| On that part of premium in excess of $50,000 but
not exceeding $60,000 |
3.5% |
| On that part of premium in excess of $60,000 |
3.0% |
Commission
Scales for Groups Over 50 Employees
|
| Amount of Annualized Premium: |
|
| On the first $4,000 of premium |
10.0% |
| On that part of premium in excess of $4,000 but
not exceeding $8,000 |
8.0% |
| On that part of premium in excess of $8,000 but
not exceeding $12,000 |
6.0% |
| On that part of premium in excess of $12,000 but
not exceeding $50,000 |
4.0% |
| On that part of premium in excess of $50,000 but
not exceeding $250,000 |
3.0% |
| On that part of premium in excess of $250,000
but not exceeding $500,000 |
2.0% |
| On that part of premium in excess of $500,000
but not exceeding $1,000,000 |
1.0% |
| On that part of premium in excess of $1,000,000
|
0.5% |
* To determine annualized premium, we multiply each groups months reconciled premium by 12(months) then that annualized premium is run through the commission scale and one-twelth is paid for that month.
Premium for medical insurance issued to a “group”
as defined under state insurance law shall be aggregated
for purposes of calculating regardless of the number
of contracts issued to that Company issuing the contract.
Premium for dental insurance issued to a group shall
be aggregated for purposes of calculating commission
but shall be aggregated separately from premium for
medical insurance issued to the same group.
For any question concerning your commission or your
commission statement, please contact our Agent Desk
at (503) 225-4960 or toll-free at (800) 452-7278 extension
4960.
|
