The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

RENEWAL COMMISSION Definition & Legal Meaning

Definition & Citations:

Commission paid to an agent after the first year commission has been paid to that agent. Renewal commissions generally form a substantial portion of an agent’s income after four years in the business and serve as an important incentive for him or her to make every effort to keep the policies on an in-force business status.

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