What Does Profit Commission Mean?

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What does Profit Commission mean? Read on to discover the definition & meaning of the term Profit Commission - to help you better understand the language used in insurance policies.

Profit Commission

Profit Commission

A provision found in some reinsurance agreements that provides for profit sharing. Parties agree to a formula for calculating profit, an allowance for the reinsurer's expenses, and the cedent's share of such profit after expenses.

We hope the you have a better understanding of the meaning of Profit Commission.

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