What’s the Difference Between Indemnity and Non-Indemnity?

1554 views 07/04/2021 07/04/2021 13

Commission entitlement can be requested on an indemnified or non-indemnified basis.

Indemnity is paid as a lump sum at policy commencement and is on the basis that the policy will carry on for a specific term.

Non-indemnity commission is paid by the provider in monthly installments over a set period of time.

The insurer will detail how the commission will be paid within the product illustration.

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