Some insurance companies make monthly payments based on specific insurance policies
written and kept in force during a preceding period. The amount is:
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computed on the policies involved,
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in addition to regular renewals on other policies, and
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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.