alaska state regulations on how much percentage of premiums brokers can get commission
Marie Marx, Director. 1  The Division of Workers’ Compensation is the agency charged with the administration of the Alaska Workers’ Compensation Act (Act). The Act provides for the payment by employers or their insurance carriers of medical, disability and reemployment benefits to injured workers. Your insurance agent could also be making money every year you renew the policy. For auto and home insurance renewals, agents make a 2 to 15 percent commission (most are in the 2 to 5 percent range). Life insurance renewal rates are typically 1 to 2 percent, or zilch after three years. Frequently Accessed Services. 1  Make a Payment Make a payment on your ACPE student loan. 2  Alaska Performance Scholarship (APS) Find out how to earn Alaska's state scholarship. 3  Alaska Education Loan Refinancing Program ACPE is launching an Education Loan Refi program pilot (with limited funds), available exclusively to Alaska residents. The CPI increased 0.5 percent in 2015 and as a result, the Alaska State minimum wage will rise from $9.75 to $9.80 effective January 1, 2017. The Alaska minimum wage applies to all hours worked in a pay period regardless of how the employee is paid: whether by time, piece, commission, or otherwise. All the actual hours worked in the pay period multiplied by the Alaska minimum wage is the very least that an employee can be compensated. Home and car insurance agents typically receive a 10 to 15 percent commission on the first year’s premium. Commissions can range as low as 8 percent, says Bissett, while 15 [percent] would be on the very high end.. In contrast, life insurance agents make most of their money in the first year of a new policy. Alaska Statute (23.10.055) also requires certain exempt employees to be paid on a salary basis at a rate not less than twice the Alaska minimum wage based on a 40-hour workweek. However, this minimum salary requirement has recently been increased to $913 per week effective December 1, 2016. Alaska Energy Authority Alaska Industrial Development. and Export Authority Alaska Gasline Development Corp. Alaska Railroad Corporation Alaska Seafood Marketing Institute Alcohol & Marijuana Control Office Regulatory Commission of Alaska. Erika McConnell Appointed to Lead the Alaska Alcohol and Marijuana Control Office. to the Tax Division. While we are charged with collecting state taxes and administering tax laws, we also regulate charitable gaming and provide revenue estimating and economic forecasting. We promote tax compliance through quality service and fair administration. We provide accurate and timely information to Alaska taxpayers. State of Alaska > Department of Labor & Workforce Development > Workers' Compensation > Home. The Division of Workers’ Compensation is the agency charged with the administration of the Alaska Workers’ Compensation Act (Act). The Act provides for the payment by employers or their insurance carriers of medical, disability and reemployment benefits to injured workers. Make a Payment Make a payment on your ACPE student loan. Alaska Performance Scholarship (APS) Find out how to earn Alaska's state scholarship. Alaska Education Loan Refinancing Program ACPE is launching an Education Loan Refi program pilot (with limited funds), available exclusively to Alaska residents.
8 to 15 percent