Q. How do higher commission rates impact premium and sales volume in the insurance industry?

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Q. Why is it important for actuaries to strike a balance between distributor satisfaction and policyholder value for money?

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Q. How does the desired profitability target influence commission rates?

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Q. Why is past experience with commission rates for existing products important in determining new commission rates?

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Q. What is the long-term benefit of lower commission rates, lower premiums, and higher sales?

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Q. How do regulations impact commission rates in the insurance industry?

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Q. What is the purpose of claw-back terms in commission agreements?

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Q. How are persistency targets related to commission structure?

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Q. How can insurers use commission structure to control withdrawal risk?

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Q. What is the purpose of a band-wise commission structure?

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Q. How are insurance products typically distributed to customers?

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Q. What is the purpose of commission or remuneration in the insurance industry?

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

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Q. What does the commission rate represent in the insurance business?

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Q. Why do insurance companies often adopt a conservative approach in fixing commission rates?

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Q. What factors influence the determination of commission rates in the insurance industry?

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Q. In which of the following ways can an insurance agent receive his commission?

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Q. Which of the following is not a factor that is used to arrive at the commission rate?

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Q. Insurance companies follow the ___________________ approach while fixing the commission rate.

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Q. When is the claw-back of commission imposed?

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