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Reply to TransAmerica Commission Question?     
Old 09-05-2017, 09:33 PM   #1
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Join Date: Mar 2011
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State: HeadCase is an Insurance Agent from Indiana
TransAmerica Commission Question? TransAmerica Commission Question?
For the last couple months I haven't received my as earned comp at the beginning of the month. I assumed it was going towards a charge back I got after a client died and they rescinded the policy. Anyway I call today to check out what was going on and was told that they are no longer going to pay me my as earned comp because I didn't submit an app for 60 consecutive days. They have decided to apply it to my advance balance with out telling me first. Anyway my question is this. If they are taking my as earned comp and applying it to my advance balance what happens when my clients pay their premiums which would have normally reduce my advanced balance? Are they just going to keep my cash and double dip on me? Can they do that? Has anyone else had this happen to them?
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Old 09-05-2017, 09:44 PM   #2
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Join Date: Jan 2013
Posts:1,038
State: indiana260 is an Insurance Agent from Undisclosed Location
indiana260 is a member of 1000 posts VIP club
TransAmerica Commission Question?
Originally Posted by HeadCase View Post
For the last couple months I haven't received my as earned comp at the beginning of the month. I assumed it was going towards a charge back I got after a client died and they rescinded the policy. Anyway I call today to check out what was going on and was told that they are no longer going to pay me my as earned comp because I didn't submit an app for 60 consecutive days. They have decided to apply it to my advance balance with out telling me first. Anyway my question is this. If they are taking my as earned comp and applying it to my advance balance what happens when my clients pay their premiums which would have normally reduce my advanced balance? Are they just going to keep my cash and double dip on me? Can they do that? Has anyone else had this happen to them?
They will position it as earned
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Old 09-05-2017, 09:46 PM   #3
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Join Date: Jun 2015
Posts:1,393
State: Baseball7 is an Insurance Agent from Undisclosed Location
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TransAmerica Commission Question? Re: TransAmerica Commission Question?
If you owe them money, obviously your earned deposit will go to pay that down. If you don't owe them, you earned income will continue but gradually decrease. Your TA earned deposit is made up of at times of unearned month 10/11/12 divided by 12 months as well
To.
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Old 09-06-2017, 07:43 AM   #4
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Iwillpay on TransAmerica Commission Question?
 
Join Date: Jun 2012
Posts:737
State: Iwillpay is an Insurance Agent from Undisclosed Location
TransAmerica Commission Question? Re: TransAmerica Commission Question?
Originally Posted by HeadCase View Post
For the last couple months I haven't received my as earned comp at the beginning of the month. I assumed it was going towards a charge back I got after a client died and they rescinded the policy. Anyway I call today to check out what was going on and was told that they are no longer going to pay me my as earned comp because I didn't submit an app for 60 consecutive days. They have decided to apply it to my advance balance with out telling me first. Anyway my question is this. If they are taking my as earned comp and applying it to my advance balance what happens when my clients pay their premiums which would have normally reduce my advanced balance? Are they just going to keep my cash and double dip on me? Can they do that? Has anyone else had this happen to them?
Yes happened to me once. Just keep send them app each month.
You will eventually get all that belongs to you.

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The insurance agent; the only person that brings a check for the funeral.
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