Once each month Surround will submit to the Producer an itemized statement showing premiums collected and commissions due the Producer, along with a commission check, for the proceeding month's business.
The statement will include adjustments for policy cancellations and reductions and appropriate return commissions due to Surround. Any statement showing a commission balance due to Surround will be payable no more than thirty (30) days after the end of the account month for which the statement is prepared; otherwise, the account will be considered delinquent.
The omission of any item or items from a monthly statement shall not affect the responsibility of either party to account for and pay all amounts due to the other, nor shall it prejudice the rights of either party to account for and pay all amounts from/to the other party.
If you have any questions or issues with your payment or statement, please contact us.