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Protective reduces retro payment requirements to help dealers during COVID-19 recovery

from Protective Asset Protection

Protective reduces retro payment requirements to help dealers during COVID-19 recovery Protective Asset Protection Protective Asset Protection is reducing the production requirements for its retrospective (retro) programs. Beginning with the second quarter interest payment, the requirements in all retro programs will be reduced 25%. That means a dealer would need only 37 contracts rather than 50 to qualify for a retro. In addition, the year-end production requirement will also be reduced. This reduction will be applied across the remainder of the year and all levels, impacting each level of potential payout. All other retro agreement requirements and conditions remain unchanged, and this change does not affect any other dealer participation programs. READ MORE

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