Fee paid to an agent or insurance salesperson as a percentage of the policy premium. The percentage varies widely depending on coverage, the insurer, and the marketing methods.

"Commission" In Context

"A contingency report prepared by Shunsuke Kondo, chairman of the Japan Atomic Energy Commission, envisioned a worst-case scenario that would entail the evacuation of the Tokyo metropolitan area’s 30 million residents. This was an unprecedented ..."