Q. What is the significance of commission rates in the insurance industry?

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Q. Which distribution channel earns commission from the insurance company for the business they do?

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Q. What distinguishes brokers from agents in the insurance industry?

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Q. What is the role of bancassurance in the distribution of insurance products?

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Q. How are direct marketing insurance products sold?

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Q. Why is commission provided to distributors in the insurance industry?

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Q. What forms can commission take in the insurance industry?

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Q. How does an insurance company determine the number of agents needed for selling policies?

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Q. Why is it important for an insurance company to consider the amount of commission when deciding premium rates?

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Q. What does commission rate refer to in the insurance industry?

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Q. How does the commission structure impact insurance premiums?

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Q. What factors are considered in determining commission rates?

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Q. Why is it important to have an appropriate commission structure?

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Q. What does "claw-back terms" refer to in commission structures?

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Q. What is the typical range for initial commission paid to distributors in the insurance industry?

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Q. What is renewal commission?

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Q. Why are distributors paid commission in the insurance industry?

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Q. What are some of the services for which distributors have to provide after-sales support?

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Q. What is a key factor influencing the determination of commission rates for insurance distributors?

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Q. How do insurance companies typically adjust commission rates based on the complexity of insurance products?

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