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.
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.