Insurance Agent Commission Structure Template. I think you are referring to $400k in premium, not in his income from commissions. The base rate only plan pays sales representative an hourly or flat salary.
The agreement is helpful for both employer and employee as it outlines the details of all the work done. Simply enter a sales rep name, a revenue, and a commission rate. In this episode of the digital broker, steve and ryan examine compensation structures and the impact they have on insurance agency operations.