[ARCHIVED] Spark Agency Center
[ARCHIVED] Spark Agency Center
/Finance & coop
Finance & coop
Finance & coop

Finance & coop

Getting started

About SparkAbout SparkOnboard to SparkOnboard to SparkSupport contactsSupport contacts

The Spark platform

Business reportingBusiness reportingWhite-labelingWhite-labelingAgency viewAgency viewPlatform ChangelogPlatform Changelog

Recruiting

SourcingSourcingOnboardingOnboarding

Onboarding agents

New agent contractingNew agent contractingReady-to-sell chaseReady-to-sell chasePlatform onboardingPlatform onboarding

Servicing agents

Agent Help CenterAgent Help CenterMarketing SupportMarketing Support

Back office

Finance & coopFinance & coopManaging hierarchiesManaging hierarchiesComplianceComplianceOffboardingOffboarding

Training

Live trainingsLive trainings

Other

Special programsSpecial programsAnnouncementsAnnouncements
Understand how carriers pay you commissions, how to view any override payments you earn, how to forecast your business, and how to submit marketing receipts.

Forecast your agency’s business

Whether you are recruiting street agents or hiring LOA agents, use this business plan to set your goals and track your progress.

Forecast your business

If you write business as an individual, you can forecast your individual business here

Deal Negotiation

Use this financial plan to recruit more sub-agencies by highlighting how much you and your new downline can make by hitting various goals.

Copy an agency financial plan

Understand your commissions

Commissions can get complicated, so you’re not alone if you’re feeling lost! Commission amounts may be impacted by the base CMS rate, type of plan, seasonality, beneficiary eligibility, state, and numerous other factors. In this primer, we’ll give you the tools to decipher both street and override commission statements

Commissions101

Understand your available co-op marketing

Our goal is to make it seamless for you to track and manage your co-op balance. We’ll break down where you can view marketing co-op you have earned, spent, and approved for your downline agents. Learn how to view your available co-op through our walkthrough.

‣

Billing Policies

‣

Commission Payment Policies

Frequently asked questions

General Finance

‣
How can I reach the Spark Finance team?
‣
What/How/When Spark services are billed to agents (includes how to pay invoice).
‣
How do I update my banking information for direct deposit of commissions or co-op paid by Spark directly?
‣
What do I do if I don't know my password to Tipalti or need an invite to Tipalti?
‣
When and how will I receive my 1099 form for tax purposes?

Commissions

‣
What types of commission can agents view on the Spark platform?
‣
Are all plans commissionable?
‣
When does Spark pay out commissions?
‣
How can agents view their commissions on the Spark platform?
‣
Where can I find commission schedules for MAPD and PDP plans?
‣
How do I submit a commission inquiry?
‣
I am not getting paid renewals on old policies that I wrote under old upline. What can I do?
‣
As an agency principal (or spouse), what do I do if an agent has stopped renewing their license or passed away?
‣
As an agency principal, what happens to override commissions if a street agent departs my agency? If a solicitor (LOA) agent leaves my agency?

Co-op

‣
As an agency principal, how do I control my co-op?
‣
I am an individual agent (not an agency principal). Can I receive co-op?
‣
What counts as a co-op eligible enrollment?
‣
Where can I see the eligible enrollments for co-op?

← Previous

Onboard to our platform

Next →

Contracting

  • Forecast your agency’s business
  • Deal Negotiation
  • Understand your commissions
  • Understand your available co-op marketing
  • Billing Policies
  • Commission Payment Policies
  • Frequently asked questions
Logo

support@sparkadvisors.com