If, before retiring, an insurance agent enters into an irrevocable agreement with the insurance company to receive renewal commissions in level installments over a period of years, only the amount of ...

The Insurance Development and Regulatory Authority (IDRA) has moved to suspend the licences of individual agents in the general insurance sector, directing all non-life insurers to submit suspension ...

The Insurance Development and Regulatory Authority (Idra) is abolishing the commission system for individual agents in the ...

Renewal commissions payable after the death of an insurance agent are “income in respect of a decedent” for income tax purposes. Additionally, the value of the right to the commissions is includable ...

This column responds to some of those comments. Regarding insurance agent commissions, we reported in the story that Blue Cross paid out $15 million in sales commissions last year, or 3 percent of the ...

A Massachusetts financial advisor also licensed as an insurance agent is asking a judge to force the Securities and Exchange Commission to explain its stance on commission payments. In March 2023, the ...

For 32 years, Richard Reda lived off commissions from selling modest life-insurance policies to middle-class clients. Then a billionaire property mogul showed up offering something far more lucrative.