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This varies greatly by company. Generally commission percentages are 15-25% of the first year premium, but some companies (like Blue Cross/Blue Shield) pay lower amounts, and some pay a flat rate per policy instead of being based on premium.
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Who Regulates individual health insurance policies?
when we apply for a health insurance policy then they divide according to state your in and then each state have an separate insurance commission under them they will be employees. Those employees can regulate the health insurance policy. For more details click here http://www.searchadeal.in/health-insurance-policy.php
What's the average cost for a medical insurance policy?
The average cost of a health insurance policy in the United States for the average family is $13,375 according to USAtoday.com. Healthcompare.com offers a service that allows you to compare health insurance policies side by side to fit your personal needs.
Is it fraud if a Life insurance agent receives a commission for a new policy then cancels it and does not return the commission?
A 'commission' paid to an insurance agent generally comes from the company that the insurance policy is placed with, NOT from the individual who bought the policy. If the agent knowingly, placed the policy with the intent of collecting the commission, and then immediately cancelled the policy then, yes, that would be fraud, unless his working agreement with the insurance company addresses it otherwise.
What is the second year commission rate on health insurance renewals?
It depends what state you live in. In New York, it can't be more than 200% of what the agent's commission was for selling the policy.
What is the average cost for a typical life assurance policy?
The average cost of a typical life insurance policy can very based on the age and overall health of the person taking out the life insurance policy. For example, some insurance companies will give individuals who exercise regularly a discount on insurance.
Can an health insurance company drop an individual health policy and or group health policy?
NO
How much money do health insurance agents make on their health insurance websites?
The commission paid varies by carrier. Most of the carriers I represent pay me 20% of the premium for the first year the policy is in place, and 5% for subsequent years. My commission schedule is posted on my website. Don http://mtnhealthinsurance.com
What is a health insurance dedictable?
The expenses which do not come within the purview of Health Insurance Policy (duly provided in the Mediclaim Policy Prospectus) are called Health Insurance deductibles.
What is the average cost of homecare insurance?
Home care insurance has a big range in average cost. This is because it can be a part of a health insurance policy or it can be a sepearate policy on its own. You must also consider if medicare would be involved as this could mean a lower cost.
Can you suggest options for medical insurance?
Now a days there are many Insurance provider companies offering range of medical Insurance policies, like; individual health Insurance policy, family health Insurance policy, group health plans and others. HDFC ERGO is one of the leading health Insurance policy provider, you can check HDFC ERGO's health policies.
What is commission rate for home-owner's insurance?
The commission rate is the commission earned by the agent or broker who places the policy wit the company.
Can friends be added to health insurance?
No. Only legal dependents can be added to your health insurance policy.
