Commissions are paid during the last week of each month.
Commissions are processed at the end of the month for the previous month’s activity and paid via direct deposit into the bank account on file. For example, any policies bound and effective in January will be paid out at the end of February.
Commission Payment Timeline
Policy Written Month | Payment Month |
January | February |
February | March |
March | April |
April | May |
May | June |
June | July |
July | August |
August | September |
September | October |
October | November |
November | December |
December | January |
Occasionally, a policy may be submitted late in the month, and the carrier may not report the policy data in time for the following month’s commission processing. In those cases, the commission could miss the next payment cycle and be paid out two months later instead.
A note about monthly commission payments:
Several carriers pay commissions as they are earned each month. Therefore, instead of being paid the full commission on the annual premium once the policy is bound, agents will receive a monthly commission based on the premium paid to the carrier.