Glossary

Commission

The payment an insurer makes to an intermediary for placing and servicing business.

Commission is paid by the insurer, not by you, at rates within limits the regulations set. There is no separate fee to the customer.

You are entitled to ask an intermediary about the basis of their remuneration, and it is a reasonable question to ask.

Related terms

Back to the glossary · The four categories · How applying works

Last reviewed: