Overriding commission

{
  "id": "MLC-T-INS-002464",
  "term": "Overriding commission",
  "field": "Insurance and risk management",
  "definition": "A commission paid to an insurance agent or broker for business generated by other agents or brokers under their supervision or within their hierarchy. This compensation is typically a percentage of the premiums written by the subordinate agents. It serves as an incentive for recruiting, training, and managing a sales team, and is distinct from the commission earned on personal sales.",
  "url": "https://mlchart.com/terminology/insurance/overriding-commission/"
}