MLchartDataset catalogue

Collection commission

Term · Insurance and risk management · MLC-T-INS-000818

A fee paid to an agent or broker for collecting premiums from policyholders on behalf of an insurer. This compensation is typically a percentage of the premiums collected and is distinct from the commission earned on the sale of the policy itself. It incentivizes agents to manage premium payments and maintain policyholder accounts.

Table 1. Record
IdentifierMLC-T-INS-000818
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000818",
  "term": "Collection commission",
  "field": "Insurance and risk management",
  "definition": "A fee paid to an agent or broker for collecting premiums from policyholders on behalf of an insurer. This compensation is typically a percentage of the premiums collected and is distinct from the commission earned on the sale of the policy itself. It incentivizes agents to manage premium payments and maintain policyholder accounts.",
  "url": "https://mlchart.com/terminology/insurance/collection-commission/"
}

Record 603 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.