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Are Agents Getting Their Fair Share?

In January, the Florida Association of Insurance Agents (FAIA) compiled a list of the state's admitted personal lines carriers and their commission percentages. The commissions ranged from a low of

By Joan E. Collier, Joan E. Collier | Updated on March 31, 2007

In January, the Florida Association of Insurance Agents (FAIA) compiled a list of the state’s admitted personal lines carriers and their commission percentages. The commissions ranged from a low of eight percent from several carriers (excluding Citizens Property Insurance Corp. at 6.9 percent) to a high of 17 percent. Of the 77 carriers listed, well over half reported commission percentages of between 10 and 12 percent.

It is probably safe to say that consumers think that is more than enough compensation for placing an insurance policy – “How hard can it be?”

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