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Contract Value

Posted by Farmers Agent VA 
Contract Value
January 16, 2020 03:17PM
I will appreciate if you could help me determine the contract value based on the agreement. This is what the contract says:

Contract Value is computed as the amount of service commissions paid to Agent on Active policies during
the twelve-month period immediately preceding the effective date of termination, times the multiplier specified in
the following schedule, minus any amounts owed to the Companies:

Number of Active Policies Percent of Service Commission
Below 50 0 %
50 - 750 25 %
751 - 1500 50 %
1501 - 2000 75 %
Over 2000 100 %

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Re: Contract Value
January 06, 2021 04:16PM
I see you are in VA as well. Same here.

What that says is they will basically pay you nothing. See agent self service and contract value for what they currently think youre book is worth on THAT scale.

Where is VA you from buddy?

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