There is an insurance company in Georgia that gave us a two week notice that they are reducing all NEW and RENEWAL business commissions effective August 1, 2016 by 3%. We just received our statement and it is showing they reduced the entire book of business by 3%. To my understanding, all NEW business should be paid at the lower rate and existing policies should still be paid at the higher commission rate until they renew after Aug 1, then they should drop by 3%. Can an insurance carrier change you're entire book commission with just a two week notice? We understand they should eventually
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