Placing large accounts with State Fund is now much more profitable! We increased the commission cap from $50,000 to $250,000 for 2018 policies incepting or renewing on or after January 1, 2018. Commissions for policies above $2.5M in estimated annual premium will be negotiated to reflect the individual policyholder’s risk characteristics.
This is another step in our overall effort to make it easier to place large accounts with State Fund and to compensate you for the demands involved in handling them. To better serve you, we also have a special team of underwriters dedicated solely to accounts $500K and above. So bring us your large accounts!
To learn more about doing business with State Fund, reach out to your Senior Marketing Representative or call our Broker Hotline at 800-834-2393.