MLchartDataset catalogue

Flat commission

Term · Insurance and risk management · MLC-T-INS-001542

A commission structure where an insurance agent or broker receives a fixed percentage of the premium for each policy sold, regardless of the policy's size, type, or profitability. This contrasts with contingent or sliding scale commissions, which may vary based on performance. Flat commissions provide a consistent income stream for producers.

Table 1. Record
IdentifierMLC-T-INS-001542
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001542",
  "term": "Flat commission",
  "field": "Insurance and risk management",
  "definition": "A commission structure where an insurance agent or broker receives a fixed percentage of the premium for each policy sold, regardless of the policy's size, type, or profitability. This contrasts with contingent or sliding scale commissions, which may vary based on performance. Flat commissions provide a consistent income stream for producers.",
  "url": "https://mlchart.com/terminology/insurance/flat-commission/"
}

Record 1,422 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.