Commission Revenue

Example Definitions of "Commission Revenue"
Commission Revenue. Means commissions paid or payable on Subject Business when the purchase of an insurance policy has been internally verified by SHP and submitted to the applicable insurance carrier, each as reported and accounted for in accordance with generally accepted accounting principles, as applied on a consistent basis by Maker (e.g., revenue is recognized in each month that any such policy remains in-force) ("GAAP").
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