Compensation Structure
Membership Overview & Commission Structure
- One-Time Joining Fee: $5,000
- Monthly Maintenance Fee: $200, beginning 90 days after the agreement start date
- Commission Split:
- Standard split is 90/10
- After reaching $250,000 in annual revenue, the split increases to 95/5
- Commission Payments:
- Members are paid as independent agencies, directly by IAA, following the same terms as our carrier contracts
- Commissions are paid by the end of the month for all commissions received within that month
- Contingent commissions are distributed in the month they are received from the carrier
- Additional Commission Splits for Quoted/Serviced Accounts:
- IAA quotes the account for you: An additional 25% split (35% in Florida)
- IAA services the account for you, but you quote and place the business: An additional 35% split
- IAA both quotes and services the account for you: An additional 40% split (45% in Florida)