agent-commission-payout.md

Uploaded 8/8/2026, 11:52:47 PM

# Agent Commission Calculation and Payout

At the end of each month, the Finance Team pulls a report of all policies issued and renewed by each Agent from the Policy Administration System. The Finance Team then calculates commission based on the Commission Schedule.

Once calculations are complete, the Finance Team submits payouts for approval, then processes payment to agents once approved.

Policy requires commission payouts to be issued within 15 days of month-end. In practice, the Finance Team usually processes payouts within the first week, since agents rely on predictable payment timing.

New policies sold to high-risk applicants under Underwriting Exception Approval earn a reduced commission rate, per the Exception Policy Commission Adjustment.