I noticed that new commission schedules are posted on the UHOne broker portal.
I don't write much GR business (just got released from an FMO to UH1 direct) but the commission structure is different than other carriers in that Off Exchange business is a much lower rate than On Exchange.
I am at Tier 1B1 for Off Exchange, less than 20 policies is 3%/3%/3% while for On Exchange it is 8%/4%/2%. Off Exchange, 20 policies or more is 4%/4%/4%.
I don't normally let commission rates get in the way of doing the best thing for clients but it seems like UH1 wants business to be On Exchange rather than Off Exchange-the most likely reason is that the On Exchange business will be much more profitable for them.
I don't write much GR business (just got released from an FMO to UH1 direct) but the commission structure is different than other carriers in that Off Exchange business is a much lower rate than On Exchange.
I am at Tier 1B1 for Off Exchange, less than 20 policies is 3%/3%/3% while for On Exchange it is 8%/4%/2%. Off Exchange, 20 policies or more is 4%/4%/4%.
I don't normally let commission rates get in the way of doing the best thing for clients but it seems like UH1 wants business to be On Exchange rather than Off Exchange-the most likely reason is that the On Exchange business will be much more profitable for them.