Administration Fee Service
'Monthly Administration Fee' is our brand new service, which provides you* with the ability to earn a 'cut' of the administration fee charged, for Norwich Union's monthly premium payment facilities.
From 1 June you will earn 20% of the administration fee charged on our personal motor products including;
| Product | Processing System |
|---|---|
| Private Car | EDI / e-services / manual business |
| Just Car | EDI |
| Premier Bike | EDI / e-services / manual business |
This will apply to any new business or renewal with a claw back calculated on lapsed or cancelled policies.
Monthly Premium business should be placed in the normal manner and each month the amount of monthly premium business set up with Norwich Union will be collated and the resulting proportion of the administration fee will be entered onto your statement. The entry will appear in the commission column and be paid to you once the statement is settled.
* excludes National Account, National Brokers, Schemes Brokers and Home and Drivers Club
Contacts
- For further details on our 'Monthly Administration Fee' service please speak to your Account Manager
- For any queries with your statement or account please speak to your usual collections handling centre
