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  • Omaha's Replacement Rules for Compensation?
    Please share your understanding of the rules. Let me give you the scenario. Received a call from a lady who was referred to me. She HAD a Med Supp with United of Omaha. I was not the agent of record. Due to taking care of a sick mother she overlooked paying her quarterly premium. It lapsed at the end of March. I contacted my FMO to make sure if I wrote her with Omaha Insurance I would......
  • Humana 2015 mapd compensation
    Preview of the 2015 Alternate Producer Partnership Plan for Individual Medicare Dear Agent, CMS revised the Medicare Marketing Guidelines for 2015 requiring Humana to make changes to the timing and calculation of Medicare Advantage and Prescription Drug Plan commissions. These changes include but are not limited to: • Humana may not pay compensation for a future year enrollment until......
  • Is this Fair Producer Compensation?
    Hi everyone! First post on the forums. I just obtained my P&C license and have been offered a position as a producer with a small independent agency. I was told I'd be provided with some leads from their website along with a few internet leads a day. I will also spend 5-6 days a month marketing to mortgage companies and at networking events. The compensation being proposed looks like......
  • Mapd Compensation Schedule 2015
    Just got this e-mail from my FMO. Here's a cut and paste: Per CMS Marketing Chapter 3, section 120.4.2, we are updating our compensation schedule for 2015 effective enrollments to adhere to the new guidance: “Plans/Part D Sponsors may only pay compensation for the current year enrollment. Payments may not be paid until January 1 and must be paid in full by December 31 of the enrollment......
  • Agent Compensation - Tell Me!
    I'm developing an agent compensation plan for my P&C agency. The licensed agent role compensation is as follows: -1099 pay -100% new business first year, -100% new business AND 30% renewals of their sales each year following. Is this a good plan?...
  • Workers Compensation - Getting Started
    I've never done much workman's compensation, mostly just Property, GL and personal lines and WC added to a BOP for a small office. However I've been getting so many requests to look it over that I really do need to get more knowledgeable. In California where do independent agents look up Mod Rates etc. Is it the WCIRB website or where else can I get up to date information from a FEIN and......
  • NAHU and Health Insurance Agents--Does Agent Compensation Matter?
    FYI: THIS ARTICLE WAS BANNED FROM PUBLICATION BY NAHU. When the founders of NAHU began our association in September of 1942, they made a pretty clear statement defining the purpose and value of membership in our association. Take this snippet from the original Articles of Incorporation of the association: “To sponsor and promote…all such measures, activities, and legislation…to further the......
  • Congressional Scrutiny on Annuity Compensation Practices
    Warren probes insurers' sales incentives for annuities - LA Times (http://www.latimes.com/business/la-fi-warren-annuities-probe-20150428-story.html)...