May 17, 2021
CaliforniaChoice® is amending their CHOICE Administrators Agent Agreement to include the following changes:
Six Month Commission Consideration Eliminated: When a group chooses a new broker during the first six months following the original sold effective date, the new broker shall begin receiving commissions the first of the following month, consistent with the new Broker of Record (BOR) effective date.
14 Day Rescission Period Eliminated: Upon being awarded a BOR on an existing CaliforniaChoice group, brokers will now have immediate access to the group’s policy and plan information beginning on the date for which the BOR request is processed, eliminating the 14-day rescission period.
New Commission Payment Methods: Brokers will be required to receive commissions via direct deposit or a new pre-paid debit card.
To avoid any commission payment interruptions, please sign the Agent Agreement Amendment as soon as possible and email to commissions@calchoice.com or fax to 714.908.3519.
