Commission agent

Definition and stakes

Portal:United States Congress,  United States Statutes at Large (1845)

“ And the said commissioners are hereby authorized to make such purchases, under the restrictions laid by the preceding section, in such manner, and at such times and places as they shall deem most eligible; and for that purpose to appoint a known agent or agents,1792, ch. 38, sec. 7, 8. to whom they may allow a commission, not exceeding one fourth of one per cent. ”
Source: Wikisource

Portrait of Anthony Kennedy Anthony Kennedy,  Colonial American Life Insurance Company v…

“ The parallels between ceding commissions in indemnity insurance and agents' commissions in direct insurance, on the other hand, are chiefly nominal. The commission paid to the insurance agent in a direct insurance setting is an administrative expense to remunerate a third party who helps to facilitate the sale; the agent's commission is akin to a salary, and to other sales expenses of writing new policies, such as administrative overhead. ”
Source: Wikisource

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