Commissions and Fees

  1. Insurance Associates of America (IAA) pays each agency as an independent just as the companies do.
  2. On direct bill accounts, IAA pays each agency by the end of the month for the commissions received in that month.
  3. On agency bill accounts the agency is to pay IAA by the 10th of the month in which it is due to the company.
  4. All commissions are paid per company contracts.
  5. All contingent commissions are paid as commissions in the month that they are received from the company.
  6. Initial joining fee is $5,000. (Bookroll incentives available)
  7. Monthly maintenance fee is $300 plus 10% of the gross commission. Access to PL Rater included in this fee.
  8. For accounts that you have us market and service, the fee is 35% of the commission. For accounts that you have us market and you service, the fee is 25% of the commission.