18-181A 18-181A . . . Insurance Agents Stock Option Plan under which Compensation Committee may grant Non-qualified Stock Options to any insurance agent who signs agreement which commits agent to produce at least $300,000 of premiums during specific three-year period ("Qualification Period"). Number of shares covered by option is equal to agent's premium commitment divided by $100, and options become exercisable only to extent agent satisfies his or her minimum commitment for premiums during Qualification Period, and only to extent loss ratios for insurance business written meet or exceed certain performance criteria
Arizona Insurance Agents Stock option plan
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$41,000 is the 25th percentile. Salaries below this are outliers. $88,500 is the 90th percentile.
The number of Health insurers filing the health statement type with the NAIC increased to 1,096 from 1,031 in 2019.
Geographic profile for Insurance Sales Agents: StateEmployment (1)Annual mean wage (2)California44,190$ 92,670Texas41,230$ 56,530Florida39,430$ 69,750New York20,800$ 104,8501 more row
An example of rebating is when the prospective insurance buyer receives a refund of all or part of the commission for the insurance sale. Rebates can be made in the form of cash, gifts, services, payment of premiums, employment, or almost any other thing of value.
Challenges Faced by Independent Insurance Agents Independent agents also have to deal with constantly changing regulations and technology. This can be a challenge, as they need to stay up-to-date in order to provide their clients with the best possible service.
Highlights: Key Facts About Insurance Agents There are 881,500 licensed agencies and brokers working in the US. 2021 totals show 911,400 life and health insurance agents and 628,600 property/casualty insurance agents. On average, 62.1% of first-time insurance exam takers pass the test.
Insurance agents work in a range of insurance sectors. At the end of 2021, 138,682 health insurance agents were employed in the US. 71.4% of health insurance agents are women, while 28.6% are men.
