Insurance Agency Commission Agreement. Insurance department and appointed by metlife to sell the insurance provided by the policy; Eventually, that agreement may expire and the full commission will shift to the succeeding producer.
In accordance with the insurance act, all commissions paid to the agent are earned on behalf of the financial corporation. Use the most extensive legal library of forms. Insurer, or its duly authorized representative, will pay commissions to agent on premiums received in cash by the insurer for policies issued during the term of this agreement upon applications procured and submitted by agent.