System and method for paying and receiving agency commissions
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United States of America Patent
Stats
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N/A
Issued Date -
Feb 14, 2008
app pub date -
Dec 13, 2002
filing date -
Dec 13, 2002
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system and method for paying a commission to an insurance agent is provided. The method comprises receiving a trail commission from an insurance company, the trail commission being related to or based on a premium paid by a consumer in connection with a product sold by the insurance agent. Next, the method comprises paying the insurance agent the commission in exchange for services provided to the consumer. The invention also comprises a system for paying a commission to an insurance agent. The system comprising an intermediate managing agent interposed between the insurance agent and an insurance company, the intermediate managing agent receiving a trail commission from the insurance company, the trail commission being related to or based on a premium paid by a consumer in connection with a product sold by the insurance agent, the intermediate managing agent further paying the insurance agent the commission in exchange for services provided to the consumer.
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Family
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