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Is there a monthly Membership Fee?
No, if you do not write anything in a given month you do not receive a commission distribution but there is no monthly minimum fee.

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Is there an opportunity to earn a Contingency Bonus?
Yes! Contingencies are based on loss ratio, growth and possibly other factors.  

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Are there other special incentives?

Yes. Generally there are special production contests throughout the year that everyone can participate in.

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Who owns the accounts?
Each member owns the accounts he/she writes through the Cluster. Our Articles of Incorporation, By Laws and your Clustering Agreement clearly state Greater Midstates does not own any accounts.

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Is there a way to withdraw from the Cluster?
Yes. Simply give us 90 days advance written notice that you wish to withdraw. At the end of the 90 days you then have twelve (12) months to pull your accounts out of the Cluster. Generally you do this as each policy reaches expiration.

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How are Commissions paid?
Carriers pay commissions to the Cluster. The Cluster makes a commission distribution to all members on or about the 15th of each month. You receive one payment each month with documentation as to what accounts are covered in the distribution. (For example, if you had accounts with 12 different carriers during the month, your check would cover all 12 and have documentation accordingly.)

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What limit of E&O coverage do I need to carry?
Greater Midstates requires continuing evidence of E&O protection showing a minimum per claim limit of $1,000,000.

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What other information is needed?
You are required to furnish copies of license and evidence of E&O at the start of your membership and continue to keep active copies on file with our corporate office.

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What is my operating territory?
Greater Midstates is licensed in Illinois, Indiana, Missouri, Kentucky, Iowa and Arkansas. Your operating territory would be those states at maximum and limited to those states in which you hold an active license.

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When do I become a member?
Your membership becomes effective after you have supplied evidence of E&O protection, copy of licenses, submitted the Membership Agreement, and paid your membership fee.


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