Some insurance companies make monthly payments based on specific insurance policies
written and kept in force during a preceding period. The amount is:
computed on the policies involved,
in addition to regular renewals on other policies, and
not paid on account of retirement.
In other companies, agents relinquish anticipated renewal commissions in exchange
for a different benefit or specific cash amount.
Such renewal commissions are paid on a commuted value basis. There is no industry-wide
standard for determining the value of relinquished renewal commissions.