The Agent’s Role and Compensation in LMCIT

Informational Memo

Published: December 4, 2019

The Agents Role and Compensation in LMCIT
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See the accompanying model document below.

Understand the role of insurance agents and their compensation in the League of Minnesota Cities Insurance Trust (LMCIT) property/casualty and workers’ compensation programs. Discusses agent selection, agent formalization, their fees and commissions and typical agent services.

Use this model document with the discussion on “The Agent’s Role and Compensation in LMCIT”: