Agent Auto Profits + Plus
Profits + Plus is a unique profit sharing agreement being offered to qualified dealers as an extension of The Plan vehicle service agreement program. Profits Plus is designed to be simple to understand.
- Profits + Plus is a unique profit sharing agreement and is an extension of The Plan. It pays not only on underwriting profits but also on investment income as well.
- The more contracts you sell the greater your profit share. Benefits of participating in Profits + Plus include no financial risk, no sign up fees, no annual renewal fees, no tax filings with reserves held by an A rated carrier. (Click here for a calculation example.)
- To qualify for Profits + Plus your overall loss ratio must be 90% or less and your earned annual percentage must be 50% or more.
- Underwriting profits are paid semi-annually when the 50% annual percentage is met. Dealers become eligible for indexed investment income payments six months after the first full year with additional payments following every six months.
:: PROFITS PLUS
