Commissions are paid to agents at the beginning of each month. To receive commission on a TFPA policy it must be both issued and effective.
Commissions Are Paid Through Direct Deposit
Commission payments are handled as Automated Clearing House (ACH) transactions and directly deposited into your designated bank account. They are paid on or before the fifth business day of each month for policies processed in the previous month.
TFPA will only deposit commission payments to your designated bank account. We will not draw on this account for unearned commission owed to TFPA. If your commission statement shows a negative balance indicating you have unearned commission, you should mail your check to TFPA within 10 days of receiving the statement.
To Set Up Direct Deposit
Agents set up direct deposit during the registration process in Agent Gateway. You will be asked to upload an image of a voided, blank check from the bank account you want to receive commission payments.