Compensation paid as the result of meeting a standard or the occurrence of a certain event as opposed to compensation paid when the sale occurs. In theory, this term could apply to any brokerage industry, but it most often refers to the insurance industry. In the United Kingdom, the term is overrider.
Related information about contingent commission:
- Contingent commissions - Wikipedia, the free encyclopedia
In 2004 New York Attorney General Eliot Spitzer led an attack on the contingent commission practices in the U.S.A. insurance industry, though the fallout from his ...
- contingent commission - Insurance Glossary
contingent commission - A commission paid by an insurer or reinsurer to an insurance intermediary that is based on the profitability of the business that the ...
- contingent commission - Business Definition
contingent commission definition: A fee paid to a broker only when a standard is met or a specified event occurs. For example, a broker is paid a commission ...
- What is contingent commission? - InvestorWords.com
Definition of contingent commission: Compensation paid as the result of meeting a standard or the occurrence of a certain event as opposed to compensation ...
- What is contingent commission? - BusinessDictionary.com
Definition of contingent commission: A commission based on the net profit taken from a reinsurance treaty, paid to the ceding company in addition to the usual ...
- Risk Managers' Forum--Contingent commission agreements ...
Contingent commission agreements: Commonplace yet controversial. When it is transparent and not subject to abuse, the contingent commission concept can ...
- An Analysis of Contingent Commission Use by Property–Liability ...
Apr 9, 2012 ... The payment of contingent commissions in the property–liability insurance industry has long been commonplace, but recent events have made ...
- A Brief History of Contingent Commission Agreements
Feb 7, 2005 ... Contingent commissions first appeared in the 1960s when claims were rising much faster than the rate of inflation and insurance companies cut ...