GA COMPENSATION

Definition

GA compensation refers to payments to a general agent or general agency for recruiting producers,providing training, case design, underwriting advocacy, and operations support. Structures include overrides, bonuses, and marketing allowances tied to production and persistency. Clear agreements align carrier, agency, and producer incentives and meet disclosure and supervision obligations.

Common Usage

Agencies negotiate override schedules tied to production and persistency. Clear, disclose compensation aligns carrier strategy with field support and meets compliance standards.