How are weighted fees calculated?
For the Prime program: by using an average of 4 years of fees – the current year and the last 3 complete years. Adjustments are made for years that are less than 70% of the following year.
For the Express program: by using an average of 3 years of fees – the current year and the last 2 complete years. Adjustments are made for years that are less than 70% of the following year.
– Barbara Block | Assistant Vice President, Senior Underwriter
