Product launches: MMA initiates variable rates
Broker-only insurer MMA has introduced variable commission rates for brokers transacting new business for MMA's Master Tradesman product.
Intermediaries can select the amount of commission they will receive when placing new business for the Master Tradesman product using MMA's Broker Online system.
Peter Knowles, head of UK development at MMA, commented: "Offering variable commission levels gives our brokers greater control over how they run their businesses and greater flexibility with their clients."
Source: Insurance Age - September 2010
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