What is 'producer commission'?

This option is only available to brokers who function as a Wholesale or Reinsurance broker and manage a distribution network. 

Producer Commission is the portion of commissions you allocate to a distributing broker involved. 

You have the option to apply a Producer Commission for any Quoted risk from under the Commissions and Taxes tab of the risk file. Any changes to the Producer Commission would not change the Gross Premium, it would only impact how commissions are allocated between you and a producing broker.  

Confirm commissions and taxes prior to binding or sending the quote to your client. The commissions and taxes you commit to upon binding should not be changed under any amendments to the bound risk.