Who is not eligible to receive commissions from the sale of an insurance product?

In the context of insurance sales, eligibility to receive commissions is typically restricted to individuals who are actively engaged in the production of insurance business. A personal producer, general agent, and licensed home office employee usually have roles that involve selling insurance products, managing agencies, or supporting sales efforts, thereby qualifying them for commissions.

Corporate executives, on the other hand, often focus on strategic management and decision-making rather than direct sales of insurance products. Their responsibilities generally do not involve the active solicitation or sale of insurance policies; hence, they are not eligible to receive commissions for those sales. This delineation ensures that compensation structures are aligned with the roles and duties associated with the production of insurance business.