NAC691C.170. Guaranteed asset protection insurance: Recommended premium rates.  


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  • For a policy of guaranteed asset protection insurance, the recommended premium rates are as follows:

    Term

    Recommended Premium Rate

    Suggested Commission

    Percent of Commission

    Company Retained Amount

    1-48 months

    $285

    $85

    30%

    $200

    49-60 months

    $342

    $102

    30%

    $240

    61-72 months

    $412

    $124

    30%

    $288

    73-84 months

    $495

    $149

    30%

    $346

    85-96 months

    $594

    $178

    30%

    $416

    97-108 months

    $713

    $214

    30%

    $499

    109-120 months

    $855

    $256

    30%

    $599

     (Added to NAC by Comm’r of Insurance by R114-06, 3-23-2007, eff. 4-1-2007)