Membership Information
for the
2024 Million Dollar Round Table
Requirements for the U.S. and
Select Markets
Based on 2023 production
Million Dollar Round Table
325 West Touhy Avenue, Park Ridge, Illinois USA Phone: +847.692.6378 | Fax: +1 847.518.8921 |
Page 2
Non-Core 11/3/2022
Apply for 2024 membership online at
https://www.mdrt.org/membership-application/
PLEASE NOTE
This document presents the membership requirements for the following Markets:
Australia, Belgium, Canada, Gibraltar, Ireland, Isle of Man, Israel, Italy, New Zealand,
South Africa, United Kingdom and United States. If you need requirements for other
Markets, please return to the MDRT web site and select the GLOBAL version.
Please discard any copies of this document that do not have the mark of
“Non-Core 11/3/2022” at the foot of each page.
The Market specific production requirements are listed on pages 3 and 11-16.
Table of Contents
Page
I. Production Requirements-------------------------------------------------------------------- 3
II. Eligibility ------------------------------------------------------------------------------------------ 4
III. Reporting ----------------------------------------------------------------------------------------- 5
IV. Additional Requirements -------------------------------------------------------------------- 6
V. Clarifications ------------------------------------------------------------------------------------- 7
VI. Illustrations -------------------------------------------------------------------------------------- 9
VII. Meetings ----------------------------------------------------------------------------------------- 10
VIII. Commission/Premium Production Requirements By Market ------------------- 11
IX. Income Production Requirements By Market ---------------------------------------- 14
Page 3
Non-Core 11/3/2022
Elimination of the Risk-Protection/Core
Credit Requirement
MDRT has eliminated the requirement that a
minimum of 50 percent of an applicant’s
qualifying production come from Risk-Protection
Credit or “core products.” Applicants from the
Markets below will be able to qualify using any
MDRT eligible product in any combination or
proportion.
PLEASE NOTE
Applicants may not combine production credit from the methods above to attain the minimum
requirement. Applicants will be approved only under one method.
The 2024 production requirements for applicants outside the United States are expressed in local currency
in the tables at the end of this document. All commission, premium or income credit reported must be
converted to U.S. dollars using the MDRT conversion factor listed at the end of this document.
MEMBERSHIP INFORMATION FOR THE
2024 MILLION DOLLAR ROUND TABLE
I.
PRODUCTION REQUIREMENTS
1.
Production Methods
Membership in the 2024 Round Table will be based on the
following production methods: (See page 4 for products)
Commission/Fee Method
A minimum of USD 74,000 of eligible commissions paid is
required.
Premium Method
A minimum of USD 148,000 of eligible paid premium
is required.
Income Qualification Method
A minimum of USD 128,200 in annual gross income
from the sale and service of insurance and financial
products is required. A minimum of USD 37,000 must
be income from new business generated during the
production year.
2.
Court of the Table
Commission & Premium Method
A minimum of USD 222,000 of eligible commissions paid or
USD 444,000 of eligible paid premium is required.
Income Method
A minimum of USD 384,600 of eligible annual gross income is
required. The applicant must meet the minimum of USD
37,000 in new business.
Top of the Table
Commission & Premium Method
A minimum of USD 444,000 of eligible commissions paid
or USD 888,000 of eligible paid premium.
Income Method
A minimum of USD 769,200 of eligible annual gross income
is required. The applicant must meet the minimum of USD
37,000 in new business.
Top of the Table Waivers
Top of the Table members with a minimum of 10 years of
Top of the Table membership who do not meet the required
minimum production level may apply under the Top of the
Table waiver provision, but must submit required Top of the
Table dues.
Ireland
New Zealand
Isle of Man
South Africa
Israel
United Kingdom
Italy
United States
Page 4
Non-Core 11/3/2022
3.
Eligible Products and Credit
RISK-PROTECTION PRODUCTS
Products from life insurance companies
Commission/Fee Credit
Premium Credit
Accidental death and dismemberment (individual)
100% of first year commission
100% of first year premium
Critical illness (individual)
100% of first year commission
100% of first year premium
Disability income contracts (individual)
100% of first year commission
100% of first year premium
Life (individual)
Up to annual premium/target premium
100% of first year commission
100% of first year premium
Deposits in excess of annual/target
premium/top up
100% of commission paid
6% of excess premium
Single premium (whole life and investment)
100% of first year commission
6% of first year premium
Short-term endowment rider (max 15 yrs.)
100% of first year commission
6% of first year premium
Long-term care (individual)
100% of first year commission
100% of first year premium
Accidental death and dismemberment (group)
100% of first year commission
10% of first year premium
Critical illness (group)
100% of first year commission
10% of first year premium
Disability income contracts (group)
100% of first year commission
10% of first year premium
Life (group)
100% of first year commission
10% of first year premium
Long-term care (group)
100% of first year commission
10% of first year premium
Annuities (individual and group)
100% of all commissions
6% of new money invested
Single premium and/or short-term endowment (max
15 yrs.)
100% of first year commission
6% of first year premium
OTHER PRODUCTS
Products
Commission/Fee Credit
Premium Credit
Health care (individual)
100% of first year commission
100% of first year premium
Health care (group)
100% of first year commission
10% of first year premium
Mutual funds
100% of all commissions/fee
6% of new money invested
Securities
100% of commission/fee on new
money invested
6% of new money invested
Wrap accounts/asset management accounts
100% of all commissions/fee
6% of new money invested
Financial Planning Fees/Fees for Advice
100% of the net fee
100% of the gross fee
II.
ELIGIBILITY
1.
Qualification Overview
First-time applicants for MDRT must use either the
commission or premium methods to demonstrate
qualification for membership. (See chart on page 5.)
Any individual with prior MDRT membership is eligible to
apply using the income qualification method.
2.
MDRT Status Designations
Each MDRT status designation is granted for one year only. All
members must apply every year to continue their affiliation with
MDRT.
Qualifying Member
An individual who is a first-time applicant becomes a
Qualifying (Q) member when his/her application papers are
approved. Until the 10
th
year of membership is attained, the
member will be a Qualifying member.
Qualifying And Life Member
An individual becomes a Qualifying and Life (QL) member
when approved for the 10
th
year of membership. Qualifying and
Life status is maintained in future years by submitting an
application each year, including certifying letter(s)
demonstrating qualifying production or by attesting to having
met current minimum production levels, and by paying the
required dues.
Life Member
After Qualifying and Life membership has been attained,
Applicants for Life status will declare that they did not meet
the production requirement, but still wish to continue their
MDRT membership. Life members must annually submit an
application and pay dues.
Page 5
Non-Core 11/3/2022
Member
Type
COMMISSION
Member
Type
PREMIUM
MDRT
COT
TOT
MDRT
COT
TOT
Total
Total
Total
Total
Total
Total
Production
$74,000
$222,000
$444,000
Production
$148,000
$444,000
$888,000
1st-Time
Member
1st-Time
Member
Certifying
letters
Required
Required
Required
Certifying
letters
Required
Required
Required
Signed by
Company
Company
Company
Signed by
Company
Company
Company
2 - 10 Year
Member
2 - 10 Year
Member
Certifying
letters
Required
Required
Required
Certifying
letters
Required
Required
Required
Signed by
Company
Company
Company
Signed by
Company
Company
Company
11+ Year
Member
11+ Year
Member
Certifying
letters
Not Required
Required if less
Required if less
Certifying
letters
Not Required
Required if less
Required if less
than 10 COT
than 10 TOT
than 10 COT
than 10 TOT
Signed by
Not Required
Company
Company
Signed by
Not Required
Company
Company
Member
Type
INCOME
MDRT
COT
TOT
New Business
Total
New Business
Total
New Business
Total
Production
$37,000
$128,200
$37,000
$384,600
$37,000
$769,200
1st-Time
Member
Not Eligible
Not Eligible
Not Eligible
Certifying
letters
Signed by
2 - 10 Year
Member
Certifying
letters
Required
Required
Required
Signed by
Self-signed
Self-signed
Self-signed
11+ Year
Member
Certifying
letters
Not Required
Required if less than 10 COT
Required if less than 10 TOT
Signed by
Not Required
Self-signed
Self-signed
III.
REPORTING
1.
Verifying Production
Commission And Premium Verification
First-time applicants must apply using ONLY the
commission or premium methods and supply a certifying
letter(s) with third party verification. Those applying for
Qualifying membership (years two through 10) may submit
the customary certifying letters with third party verification
for commission or premium or submit a self-signed certifying
letter and attach supporting documents for the income
qualification method as outlined above. Certifying letters
may be completed by a representative of the company/broker
dealer/brokerage agency, a Certified Public Accountant (or
equivalent), or a representative of the applicant's personal
agency/corporation or office.
Income Verification
Verification of eligible production under the income
qualification method will be accomplished via a certifying
letter signed by the applicant. All applications submitted
under the income method are subject to a random
production verification audit at a later date. If selected, the
individual will need to supply supporting documents, such
as commission statements, that verify the amounts claimed.
Other acceptable supporting documents would be a
statement of income signed by a representative of the
company/broker dealer/brokerage agency, a Certified Public
Accountant (or equivalent), or a representative of the
applicant’s personal agency/corporation/office. Tax
documents may also be used.
Page 6
Non-Core 11/3/2022
Simplified Reporting for Qualifying & Life and Life
Members
Once eligibility for Life status has been attained, members
who have achieved Qualifying and Life or Life status are
eligible to submit an application each year, including
certifying letter(s) demonstrating qualifying production or
by attesting to having met current minimum production
levels, and by paying the required dues. Proof of production
(i.e. certifying letters or commission/income documents)
will not be required beginning in the eleventh year.
Applicants for Life status will declare that they did not meet
the production requirement, but still wish to continue their
MDRT membership.
2.
Court of the Table
Applicants must continue to submit proof of production via
certifying letter(s) until achieving 10 years of membership
at the higher level. They may declare their eligibility
without certifying letters or income documents when
applying for the eleventh year of membership at Court of
the Table level.
3.
Top of the Table
Applicants must continue to submit proof of production via
certifying letter(s) until achieving 10 years of membership
at the higher level. They may declare their eligibility
without certifying letters or income documents when
applying for the eleventh year of membership at Top of the
Table level.
4.
Application Forms
Applications for 2024 MDRT membership will be available on
November 1, 2023. Applicants may complete an online
application or download a paper application at www.mdrt.org.
A paper application may also be requested by phone, fax or
email at [email protected]rg.
5.
Certifying Letters
A certifying letter signed by an official from the company an
applicant is using for MDRT qualification is required when
applying under the commission or premium method.
Otherwise, the application will be considered incomplete and
membership may be denied. These companies may include
life insurance companies, agencies, brokerage companies,
broker/dealers, banks or mutual fund companies. Also
acceptable would be a certifying letter completed by a
representative of the company/broker dealer/brokerage
agency, a Certified Public Accountant (or equivalent), or a
representative of the applicant's personal
agency/corporation or office.
A Certified Public Accountant (CPA) or the equivalent may
sign certifying letters for financial planning fees/fees for
advice that are paid directly to the producer when applying
under the commission or premium method.
Brokerage companies are defined as third party wholesalers
of insurance and investment products that are provided to
agents on behalf of insurance and investment companies.
Should an applicant be an official of a brokerage company,
the product provider who pays the commissions must sign
the certifying letter unless applying under the income
qualification method.
Income certifying letters are self-reported, signed by the
applicant. If selected for a production verification audit, the
individual will need to supply supporting documents to
verify the amounts claimed, such as:
commission statements
a statement of income signed by a representative of the
company/broker dealer/ brokerage agency, a Certified
Public Accountant (or equivalent), or a representative
of the applicant’s personal agency/corporation/office
Tax documents
6.
Honor Roll
Individuals with at least 15 years of qualifying membership
(qualification by production) shall be designated as
members of the “Honor Roll.”
IV.
ADDITIONAL REQUIREMENTS
1.
Professional Association Membership Requirement
When applying for MDRT membership, applicants from the
Markets listed below must be members in good standing of
an association that meets all of the criteria below. (A list of
associations that meet the criteria may be found on our web
site at https://www.mdrt.org/join/member-requirements/).
The association must be an individual membership
organization, open to participation without regard to
company affiliation, one of the focuses of which is insurance
or financial services.
The association must have been in existence at least two
years and must have 100 or more members.
The association must be a nonprofit organization.
The association must have a code of ethics and an
effective means of dealing with breaches of its code.
Applicants using a disability waiver, as well as members with
50 or more years of membership, are exempt from the
professional association requirement.
Membership in an association is required of applicants from
the following Markets:
Australia
Ireland
Philippines
Bahamas
Israel
Singapore
Canada
Jamaica
Thailand
Greece
Japan
Trinidad & Tobago
Hong Kong,
Malaysia
United States
China
New Zealand
2.
Annual Membership Dues: USD 600
Required dues, completed application and other required
forms must be postmarked on or before March 1, 2024.
Applications postmarked after March 1 will be considered
only if accompanied by an additional fee of USD 200.
Members with 50 or more years of membership are exempt
from the MDRT-level dues. They must, however, pay Court
or Top of the Table dues.
3.
Court of the Table Dues: USD 50
In addition to remitting regular MDRT dues, a Court of the
Table applicant must remit the required Court of the Table
dues.
Page 7
Non-Core 11/3/2022
4.
Top of the Table Dues: USD 550
In addition to remitting regular MDRT membership dues, a
Top of the Table applicant must remit the required Top of the
Table dues. Top of the Table membership dues includes Court
of the Table dues.
5.
Life, Reduced Dues: USD 200
Life members who meet all four of the criteria below are
eligible to pay a reduced dues amount. Those eligible for
reduced dues are not required to be members of a professional
association.
a Life or a Qualifying & Life member, and
applying as a Life member, and
65 years of age by December 31, 2023 and
have either 25 years of membership OR 20 years of
membership with production
Online payment options are available. For more information,
please refer to your 2024 Membership application.
6.
Disability Waiver
Life members who have been declared totally disabled for six
consecutive months during 2023 may petition for a waiver of
payment of dues for the 2024 Table. A disability petition
form and doctor’s statement must be submitted by March 1,
2024, with the membership application. Each petition will be
judged on its own merit. Those approved for the disability
waiver are not required to be members of a professional
association.
7.
Former Life Member Options
Former Life and Qualifying & Life members who wish to
rejoin MDRT have two options:
Option One: They may choose not to pay back dues for the
years missed and submit the current minimum production
and current membership dues with their application. Their
member status will revert to Qualifying and they must again
fulfill the requirements to attain Life or Qualifying & Life
status, which includes accumulating an additional 9 years of
Qualifying membership.
Option Two: They may retain Life or Qualifying & Life
member status by paying back dues for the number of years
missed, not to exceed a maximum of five years, and by
meeting the then current requirements for Life membership.
The maximum number of years for which back dues may be
required will be reduced to three years if the member submits
qualifying production for the current year. The amount of
back dues will be based upon the current dues at the time of
reinstatement. Please note: Payment of back dues does not
provide credit for member year(s) missed.
V.
CLARIFICATIONS
1.
Eligible Commissions, Fees
Production credit (for commissions) will be based on eligible
commissions received during 2023. Credit may include either
earned or advanced (annualized) commissions or both. Advanced
(annualized) or earned commissions must be paid to the applicant
in 2023 to be eligible for MDRT credit. Please note:
Commissions paid on a levelized basis may be reported using
the present value of up to the first five years’ commission
discounted at 10 percent per year, not to exceed 55 percent of
first-year premium.
Annualized commissions may be reported for credit if paid,
but any chargeback of annualized commissions in a
subsequent production year will result in a reduction of that
year’s production credit.
If commissions are paid as earned, a policy effective in 2022
may result in production credit for 2023. The policy must be
in force on December 31, 2022 but is not required to be in
force as of December 31, 2023.
Commission credit for pensions is based on the product used
to fund the pension (life insurance, annuities, mutual funds,
etc.) which determines whether it receives Risk-Protection or
Other Products credit.
Commissions that are part of a deferred compensation
program may be claimed up front for MDRT credit, provided
that they are not claimed again in later years.
Life insurance policies that exceed the annual premium or
target premium are eligible for credit. First year commission
credit may be given Risk-Protection category for the
commission paid on the amount up to the annual/target
premium. If the annual/target premium is exceeded,
(sometimes referred to as a “top up”) commission credit may
be given in the Risk-Protection category for the commission
paid on the amount that exceeded the annual/target premium.
Override commissions, training allowances, transition
packages, training or sign-on bonuses and other sales or
expense allowances do NOT qualify under the
commission/premium method.
Fees paid for the placement of a product are eligible for
credit toward the commission requirement, as are asset
management fees for mutual funds and wrap/asset
management accounts. The type of product placed
determines the type of credit the product receives (Risk-
Protection or Other).
Financial Planning Fees/Fees for Advice are eligible for
Other Products credit for the net fee paid to the agent/advisor.
Fees must be documented by certifying letter signed by a
company official, a broker dealer official, or a Certified
Public Accountant (or equivalent) for qualifying members.
Group health insurance commissions are eligible in the first
year of the policy only. Additions to the group policy in
subsequent years are not eligible for credit.
Single premium and/or short-term endowment commissions
are only eligible in the first year of the policy. Short-term
endowment riders (max 15 years) to life insurance policies
are eligible for 100 percent of first-year commissions in the
Risk-Protection category.
Long-term endowment commissions are only eligible in the
first year of the policy. Long-term endowment riders (16 or
more years) to life insurance policies are eligible for 100
percent of first-year commissions in the Risk-Protection
category.
For additional information, contact:
Million Dollar Round Table
Member Relations Department
325 West Touhy Avenue
Park Ridge, IL 60068 USA
Phone: +1 847.692.6378
Fax: +1 847.518.8921
Web site: https://www.mdrt.org
E-mail: memberrelations@mdrt.org
Page 8
Non-Core 11/3/2022
2.
Eligible Premium
Production credit (for premium) will be based on eligible
premium paid or new money invested during 2023. Please note:
If commissions are paid as earned, premium credit should be
given only for the amount of premium actually received
during the production year.
If commissions are annualized, the premium credit should
also be annualized. Any chargeback of annualized
commissions should also result in a reduction of that year's
premium credit.
A policy that becomes effective in 2022 may result in
production credit for the amount of premium paid or new
money invested during 2023.
Life insurance policies that exceed the annual premium or
target premium are eligible for credit. First year premium
credit may be given in the Risk-Protection category up to
the amount of the annual/target premium. If the
annual/target premium is exceeded, (sometimes referred to
as a “top up”) premium credit may be given in the Risk-
Protection category for 6 percent of the amount that
exceeded the annual/target premium.
Financial Planning Fees/Fees for Advice are eligible for
Other Products credit for the gross fee paid to the company,
broker dealer or individual agent/advisor. Fees must be
documented by certifying letter signed by a company
official, a broker dealer official, or a Certified Public
Accountant (or equivalent) for qualifying members.
Group health insurance premium is eligible for credit in the
first year of the policy only. Additions to the group policy in
subsequent years are not eligible for credit.
Single premium and/or short-term endowment premium is
only eligible in the first year of the policy. Short-term
endowment riders (max 15 years) to life insurance policies
are eligible for 6 percent of first year premium credit.
Long-term endowment premium is only eligible in the first
year of the policy. Long-term endowment riders (16 or more
years) to life insurance policies are eligible for 100 percent
of first-year premium credit in the Risk-Protection category.
Premium credit for pensions is based on the product used to
fund the pension (life insurance, annuities, mutual funds,
etc.) which determines whether it receives Risk-Protection
or Other Products credit.
3.
Eligible Income
Production credit is based on annual gross income paid during
2023. Please note:
See chart on page 4 for eligible products.
Under this model, income is defined as first-year, trail and
renewal commissions, as well as fees for product
placement, asset management fees and fees for advice.
Other production-based compensation, such as salaries and
production-based bonuses, are also eligible for credit.
Income contributed as part of a deferred compensation plan
is eligible for credit. Credit should be taken during the
production year when the deferred income was earned.
Override commissions are eligible only for personal
production.
Income considered INELIGIBLE for MDRT credit
includes:
Training bonuses/allowances
Sales/expense allowances
Sign-on bonuses or transition packages
Overrides derived from the production of others
Non-cash compensation, such as incentive trips
Income from property and casualty insurance and
general insurance (fire, home, auto, etc.)
Income from the sale of mortgages
Life settlements
Money market accounts
4.
Credit for Coverage Written on the Applicant, Spouse
or Dependents
Any business written on the applicant, applicant’s spouse
or dependents may not exceed a maximum of 5 percent
of the current year's MDRT production requirement
(USD 3,700 eligible commissions or USD 7,400 of
eligible premium or USD 6,410 of eligible income) if any
of the premiums are paid, directly or indirectly, by the
applicant or spouse.
5.
Replacements
Credit for individual life insurance policies may be
claimed only for the amount of first-year commissions or
premium on the new policy that exceeds the first-year
commissions or premium for the policy being replaced. If
the amount is not known, then the amount of
commissions being replaced shall be calculated by
multiplying the current commission times the appropriate
premium for the policy being replaced. Premium credit
can be determined by subtracting the replaced premium
from the new premium.
Conversion of a permanent product to a permanent
product is to be treated as a replacement for MDRT
purposes. This applies only to replacement of individual
life insurance policies.
6.
Definitions And Interpretations
Business Paid for and Underwritten
Business to be credited shall be paid for during the MDRT
qualification period (January 1 through December 31).
Business shall be considered to have been paid for as of the
date when the coverage first became fully effective with
home office approval from the standpoint of payment of the
claim (regardless of company practice or the distance
between home and field office). However, no credit shall be
allowed until the home office has finally accepted the
premium and also until the first-year commissions have been
paid or credited to the agent's account without any right
reserved to the insurance company to recover same, except in
case of recall under the contestable provisions of the contract.
On joint, partnership, corporate and/or brokerage business,
MDRT credit shall be given for only that portion of the
business on which the applicant has been compensated, either
by first-year commission or the equivalent.
Health Insurance
Includes policies that relate to the health of the body. Dental,
vision, etc., are eligible for credit. See page 4 for specifics.
Page 9
Non-Core 11/3/2022
Clarification of Income Qualification
A minimum of USD 128,200 in annual gross income from the sale
or service of insurance and financial products is required.
A minimum of USD 37,000 must be income from new business
generated during the production year.
ELIGIBLE for MDRT membership
Example 1
Applicant annual gross income 128,200
Applicant total new business 37,000
NOT Eligible for MDRT membership
Example 2
Applicant annual gross income 128,200
Applicant total new business 36,999
6. Definitions and Interpretations (Cont’d)
Policy and Case Definitions
A policy shall be defined as an individual contract covering
one or more lives as contrasted with a group policy, a
pension, profit sharing trust or a salary savings plan. Under a
qualified pension or profit-sharing trust or a salary savings
plan, each individual policy shall count as one (1) policy for
the purpose of computing total eligible policies. For purposes
of production, an employer-sponsored group life plan,
franchise life plan and group annuity plan and mutual fund
transaction with one (1) investor shall be considered one (1)
case regardless of the number of lives or funds involved.
In Force Requirement
Credited business shall include only business which has not
been terminated on or before the last day of the MDRT
qualification period (December 31) except for business
terminated by death or term conversion.
Securities
Includes stocks, bonds or other equities. See page 4 for
specifics.
VI.
ILLUSTRATION
Page 10
Non-Core 11/3/2022
*Attendance at the MDRT Annual Meeting and
MDRT Global Conference is open to approved
2024 members and requires payment of
separate registration fees.
**Attendance at the Top of the Table Annual
Meeting is open to approved 2024 TOT
members and requires payment of separate
registration fees.
***MDRT EDGE Meeting is open to approved
2024 members from the U.S. and Canada and
requires payment of separate registration fees.
MDRT Annual Meeting*
9 12 June 2024
Vancouver, British Columbia, Canada
MDRT Global Conference*
2024
TBA
Top of the Table Annual Meeting**
25 28 September 2024
Fairmont Orchid, Hawaii, USA
MDRT EDGE Meeting***
2024
TBA
Visit www.mdrt.org or contact MDRT at +1 847.692.6378 or email [email protected]g
for meeting information or for exhibitor and sponsorship opportunities.
Page 11
Non-Core 11/3/2022
COMMISSION AND PREMIUM PRODUCTION REQUIREMENTS FOR MEMBERSHIP
IN THE 2024 MILLION DOLLAR ROUND TABLE
Based on 2023 Production, Expressed in Local Currency
Production credit must be reported in U.S. dollars on Certifying Letters
(Local currency divided by the conversion/standardization factor = MDRT requirement in U.S. dollars)
Production requirements are set independently for each Market. Conversion/standardization factors have no relationship to
currency exchange rates and are used only to standardize MDRT processing.
(For a complete list of Market requirements, see the MDRT web site at https://www.mdrt.org/join/member-requirements/.)
Market
MDRT
Commission
COT
Commission
TOT
Commission
Commission
Conv Factor
MDRT
Premium
COT Premium
TOT
Premium
Premium
Conv Factor
Angola
43,800
131,400
262,800
0.5918
87,600
262,800
525,600
0.5918
Anguilla
84,800
254,400
508,800
1.1459
169,600
508,800
1,017,600
1.1459
Antigua
132,900
398,700
797,400
1.7959
265,800
797,400
1,594,800
1.7959
Argentina
280,000
840,000
1,680,000
3.7837
560,000
1,680,000
3,360,000
3.7837
Armenia
11,540,900
34,622,700
69,245,400
155.9581
23,081,800
69,245,400
138,490,800
155.9581
Aruba
88,700
266,100
532,200
1.1986
177,400
532,200
1,064,400
1.1986
Australia
107,700
323,100
646,200
1.4554
215,400
646,200
1,292,400
1.4554
Azerbaijan
23,100
69,300
138,600
0.3121
46,200
138,600
277,200
0.3121
Bahamas
63,300
189,900
379,800
0.8554
126,600
379,800
759,600
0.8554
Bahrain
14,300
42,900
85,800
0.1932
28,600
85,800
171,600
0.1932
Bangladesh
1,943,000
5,829,000
11,658,000
26.2567
3,886,000
11,658,000
23,316,000
26.2567
Barbados
110,100
330,300
660,600
1.4878
220,200
660,600
1,321,200
1.4878
Belarus
87,534,300
262,602,900
525,205,800
1,182.8959
175,068,600
525,205,800
1,050,411,600
1,182.8959
Belgium
55,600
166,800
333,600
0.7513
111,200
333,600
667,200
0.7513
Belize
79,600
238,800
477,600
1.0756
159,200
477,600
955,200
1.0756
Bermuda
104,800
314,400
628,800
1.4162
209,600
628,800
1,257,600
1.4162
Bolivia
195,600
586,800
1,173,600
2.6432
391,200
1,173,600
2,347,200
2.6432
Bosnia-Herzegovina
50,000
150,000
300,000
0.6756
100,000
300,000
600,000
0.6756
Botswana
250,500
751,500
1,503,000
3.3851
501,000
1,503,000
3,006,000
3.3851
Brazil
166,400
499,200
998,400
2.2486
499,200
1,497,600
2,995,200
3.3729
British Virgin Islands
75,200
225,600
451,200
1.0162
150,400
451,200
902,400
1.0162
Brunei
46,200
138,600
277,200
0.6243
138,600
415,800
831,600
0.9364
Bulgaria
51,900
155,700
311,400
0.7013
103,800
311,400
622,800
0.7013
Cambodia
76,011,700
228,035,100
456,070,200
1,027.1851
304,046,800
912,140,400
1,824,280,800
2,054.3702
Cameroon
16,915,600
50,746,800
101,493,600
228.5891
33,831,200
101,493,600
202,987,200
228.5891
Canada
91,000
273,000
546,000
1.2297
182,000
546,000
1,092,000
1.2297
Cayman Islands
61,300
183,900
367,800
0.8283
122,600
367,800
735,600
0.8283
Channel Islands
51,500
154,500
309,000
0.6959
103,000
309,000
618,000
0.6959
Chile
29,259,100
87,777,300
175,554,600
395.3932
58,518,200
175,554,600
351,109,200
395.3932
China
218,400
655,200
1,310,400
2.9513
655,200
1,965,600
3,931,200
4.4270
Colombia
79,657,900
238,973,700
477,947,400
1,076.4581
159,315,800
477,947,400
955,894,800
1,076.4581
Costa Rica
24,273,100
72,819,300
145,638,600
328.0148
48,546,200
145,638,600
291,277,200
328.0148
Côte d'Ivoire
18,036,400
54,109,200
108,218,400
243.7351
36,072,800
108,218,400
216,436,800
243.7351
Croatia
242,800
728,400
1,456,800
3.2810
485,600
1,456,800
2,913,600
3.2810
Curacao
66,900
200,700
401,400
0.9040
133,800
401,400
802,800
0.9040
Cyprus
37,200
111,600
223,200
0.5027
74,400
223,200
446,400
0.5027
Czech Republic
938,000
2,814,000
5,628,000
12.6756
1,876,000
5,628,000
11,256,000
12.6756
Denmark
493,800
1,481,400
2,962,800
6.6729
987,600
2,962,800
5,925,600
6.6729
Dominica
118,300
354,900
709,800
1.5986
236,600
709,800
1,419,600
1.5986
Dominican Republic
1,227,300
3,681,900
7,363,800
16.5851
2,454,600
7,363,800
14,727,600
16.5851
Ecuador
38,300
114,900
229,800
0.5175
76,600
229,800
459,600
0.5175
Egypt
153,800
461,400
922,800
2.0783
461,400
1,384,200
2,768,400
3.1175
El Salvador
33,600
100,800
201,600
0.4540
67,200
201,600
403,200
0.4540
Estonia
40,300
120,900
241,800
0.5445
80,600
241,800
483,600
0.5445
Fiji
60,800
182,400
364,800
0.8216
121,600
364,800
729,600
0.8216
France
54,100
162,300
324,600
0.7310
108,200
324,600
649,200
0.7310
Georgia
62,700
188,100
376,200
0.8472
125,400
376,200
752,400
0.8472
Germany
55,000
165,000
330,000
0.7432
110,000
330,000
660,000
0.7432
Ghana
75,700
227,100
454,200
1.0229
151,400
454,200
908,400
1.0229
Gibraltar
48,500
145,500
291,000
0.6554
97,000
291,000
582,000
0.6554
Greece
41,000
123,000
246,000
0.5540
82,000
246,000
492,000
0.5540
Grenada
121,100
363,300
726,600
1.6364
242,200
726,600
1,453,200
1.6364
Guatemala
293,600
880,800
1,761,600
3.9675
587,200
1,761,600
3,523,200
3.9675
Guyana
6,618,100
19,854,300
39,708,600
89.4337
13,236,200
39,708,600
79,417,200
89.4337
Honduras
787,100
2,361,300
4,722,600
10.6364
1,574,200
4,722,600
9,445,200
10.6364
Hong Kong, China
444,400
1,333,200
2,666,400
6.0054
1,777,600
5,332,800
10,665,600
12.0108
Hungary
10,620,400
31,861,200
63,722,400
143.5189
21,240,800
63,722,400
127,444,800
143.5189
India
875,500
2,626,500
5,253,000
11.8310
3,502,000
10,506,000
21,012,000
23.6621
Indonesia
288,163,600
864,490,800
1,728,981,600
3,894.1027
576,327,200
1,728,981,600
3,457,963,200
3,894.1027
Page 12
Non-Core 11/3/2022
Market
MDRT
Commission
COT
Commission
TOT
Commission
Commission
Conv Factor
MDRT
Premium
COT Premium
TOT
Premium
Premium
Conv Factor
Ireland
59,600
178,800
357,600
0.8054
119,200
357,600
715,200
0.8054
Isle of Man
50,700
152,100
304,200
0.6851
101,400
304,200
608,400
0.6851
Israel
278,400
835,200
1,670,400
3.7621
556,800
1,670,400
3,340,800
3.7621
Italy
49,200
147,600
295,200
0.6648
98,400
295,200
590,400
0.6648
Jamaica West Indies
3,857,500
11,572,500
23,145,000
52.1283
7,715,000
23,145,000
46,290,000
52.1283
Japan
7,547,000
22,641,000
45,282,000
101.9864
22,641,000
67,923,000
135,846,000
152.9797
Jordan
21,500
64,500
129,000
0.2905
43,000
129,000
258,000
0.2905
Kazakhstan
5,939,200
17,817,600
35,635,200
80.2594
11,878,400
35,635,200
71,270,400
80.2594
Kenya
3,097,300
9,291,900
18,583,800
41.8554
6,194,600
18,583,800
37,167,600
41.8554
Kuwait
14,700
44,100
88,200
0.1986
29,400
88,200
176,400
0.1986
Laos
206,132,800
618,398,400
1,236,796,800
2,785.5783
412,265,600
1,236,796,800
2,473,593,600
2,785.5783
Latvia
32,200
96,600
193,200
0.4351
64,400
193,200
386,400
0.4351
Lebanon
61,828,800
185,486,400
370,972,800
835.5243
123,657,600
370,972,800
741,945,600
835.5243
Lithuania
33,600
100,800
201,600
0.4540
67,200
201,600
403,200
0.4540
Luxembourg
63,600
190,800
381,600
0.8594
127,200
381,600
763,200
0.8594
Macau, China
330,200
990,600
1,981,200
4.4621
1,320,800
3,962,400
7,924,800
8.9243
Macedonia
1,409,300
4,227,900
8,455,800
19.0445
2,818,600
8,455,800
16,911,600
19.0445
Malaysia
117,300
351,900
703,800
1.5851
351,900
1,055,700
2,111,400
2.3777
Malta
22,100
66,300
132,600
0.2986
44,200
132,600
265,200
0.2986
Mauritius
1,222,300
3,666,900
7,333,800
16.5175
2,444,600
7,333,800
14,667,600
16.5175
Mexico
660,900
1,982,700
3,965,400
8.9310
1,321,800
3,965,400
7,930,800
8.9310
Montenegro
5,300
15,900
31,800
0.0716
10,600
31,800
63,600
0.0716
Montserrat
60,000
180,000
360,000
0.8108
120,000
360,000
720,000
0.8108
Mozambique
1,549,000
4,647,000
9,294,000
20.9324
3,098,000
9,294,000
18,588,000
20.9324
Myanmar
24,952,800
74,858,400
149,716,800
337.2000
49,905,600
149,716,800
299,433,600
337.2000
Namibia
404,800
1,214,400
2,428,800
5.4702
809,600
2,428,800
4,857,600
5.4702
Nepal
1,390,500
4,171,500
8,343,000
18.7905
4,171,500
12,514,500
25,029,000
28.1858
Netherlands
57,700
173,100
346,200
0.7797
115,400
346,200
692,400
0.7797
New Zealand
105,800
317,400
634,800
1.4297
211,600
634,800
1,269,600
1.4297
Nicaragua
833,600
2,500,800
5,001,600
11.2648
1,667,200
5,001,600
10,003,200
11.2648
Nigeria
5,759,100
17,277,300
34,554,600
77.8256
11,518,200
34,554,600
69,109,200
77.8256
Norway
729,100
2,187,300
4,374,600
9.8527
1,458,200
4,374,600
8,749,200
9.8527
Oman
13,300
39,900
79,800
0.1797
26,600
79,800
159,600
0.1797
Pakistan
1,776,100
5,328,300
10,656,600
24.0013
3,552,200
10,656,600
21,313,200
24.0013
Panama
34,700
104,100
208,200
0.4689
69,400
208,200
416,400
0.4689
Peru
120,100
360,300
720,600
1.6229
240,200
720,600
1,441,200
1.6229
Philippines
1,265,300
3,795,900
7,591,800
17.0986
2,530,600
7,591,800
15,183,600
17.0986
Poland
132,400
397,200
794,400
1.7891
264,800
794,400
1,588,800
1.7891
Portugal
TBD
TBD
TBD
TBD
TBD
TBD
TBD
T BD
Qatar
168,300
504,900
1,009,800
2.2743
336,600
1,009,800
2,019,600
2.2743
Republic of Korea
62,571,700
187,715,100
375,430,200
845.5635
156,429,250
469,287,750
938,575,500
1,056.9543
Romania
127,000
381,000
762,000
1.7162
254,000
762,000
1,524,000
1.7162
Saudi Arabia
147,300
441,900
883,800
1.9905
294,600
883,800
1,767,600
1.9905
Serbia
2,838,000
8,514,000
17,028,000
38.3513
5,676,000
17,028,000
34,056,000
38.3513
Singapore
72,400
217,200
434,400
0.9783
217,200
651,600
1,303,200
1.4675
Slovakia
39,600
118,800
237,600
0.5351
79,200
237,600
475,200
0.5351
Slovenia
41,900
125,700
251,400
0.5662
83,800
251,400
502,800
0.5662
South Africa
280,900
842,700
1,685,400
3.7959
561,800
1,685,400
3,370,800
3.7959
Spain
46,500
139,500
279,000
0.6283
93,000
279,000
558,000
0.6283
Sri Lanka
2,673,400
8,020,200
16,040,400
36.1270
5,346,800
16,040,400
32,080,800
36.1270
St. Kitts and Nevis
125,500
376,500
753,000
1.6959
251,000
753,000
1,506,000
1.6959
St. Lucia
140,200
420,600
841,200
1.8945
280,400
841,200
1,682,400
1.8945
St. Maarten
69,900
209,700
419,400
0.9445
139,800
419,400
838,800
0.9445
St. Vincent
116,100
348,300
696,600
1.5689
232,200
696,600
1,393,200
1.5689
Suriname
236,700
710,100
1,420,200
3.1986
473,400
1,420,200
2,840,400
3.1986
Sweden
652,500
1,957,500
3,915,000
8.8175
1,305,000
3,915,000
7,830,000
8.8175
Switzerland
84,400
253,200
506,400
1.1405
168,800
506,400
1,012,800
1.1405
Taiwan Area
1,357,500
4,072,500
8,145,000
18.3445
2,715,000
8,145,000
16,290,000
18.3445
Tanzania
54,884,300
164,652,900
329,305,800
741.6797
109,768,600
329,305,800
658,611,600
741.6797
Thailand
912,100
2,736,300
5,472,600
12.3256
1,824,200
5,472,600
10,945,200
12.3256
Togo
17,383,800
52,151,400
104,302,800
234.9162
34,767,600
104,302,800
208,605,600
234.9162
Tonga
120,100
360,300
720,600
1.6229
240,200
720,600
1,441,200
1.6229
Trinidad & Tobago
294,000
882,000
1,764,000
3.9729
588,000
1,764,000
3,528,000
3.9729
Turkey
TBD
TBD
TBD
TBD
TBD
TBD
TBD
T BD
Turks & Caicos
76,500
229,500
459,000
1.0337
153,000
459,000
918,000
1.0337
Uganda
97,251,200
291,753,600
583,507,200
1,314.2054
194,502,400
583,507,200
1,167,014,400
1,314.2054
Page 13
Non-Core 11/3/2022
Market
MDRT
Commission
COT
Commission
TOT
Commission
Commission
Conv Factor
MDRT
Premium
COT Premium
TOT
Premium
Premium
Conv Factor
Ukraine
267,300
801,900
1,603,800
3.6121
534,600
1,603,800
3,207,600
3.6121
United Arab Emirates
175,000
525,000
1,050,000
2.3648
350,000
1,050,000
2,100,000
2.3648
United Kingdom
50,900
152,700
305,400
0.6878
101,800
305,400
610,800
0.6878
United States
74,000
222,000
444,000
1.0000
148,000
444,000
888,000
1.0000
Uruguay
1,193,000
3,579,000
7,158,000
16.1216
2,386,000
7,158,000
14,316,000
16.1216
Venezuela
549,000
1,647,000
3,294,000
7.4189
1,098,000
3,294,000
6,588,000
7.4189
Vietnam
360,813,300
1,082,439,900
2,164,879,800
4,875.8554
721,626,600
2,164,879,800
4,329,759,600
4,875.8554
Zambia
225,200
675,600
1,351,200
3.0432
450,400
1,351,200
2,702,400
3.0432
Zimbabwe
1,001,600
3,004,800
6,009,600
13.5351
2,003,200
6,009,600
12,019,200
13.5351
Page 14
Non-Core 11/3/2022
INCOME PRODUCTION REQUIREMENTS FOR MEMBERSHIP
IN THE 2024 MILLION DOLLAR ROUND TABLE
Based on 2023 Production, Expressed in Local Currency
Production credit must be reported in U.S. dollars on certifying letters Production requirements are set independently for each Market. Conversion (Conv) factors have
no relationship to currency exchange rates and are used only to standardize MDRT processing. (Local currency divided by the income conversion = U.S. MDRT
requirement.) Qualification under this method is based on a requirement of USD 128,200 in annual gross income from insurance and financial products. A minimum of
USD 37,000 must be income from new business generated during the production year. (For a complete list of Market requirements, see the MDRT website at
https://www.mdrt.org/join/member-requirements/.)
Market
MDRT Income
COT Income
TOT Income
Income Conv Factor
Angola
75,900
227,700
455,400
0.5920
Anguilla
146,800
440,400
880,800
1.1450
Antigua
230,200
690,600
1,381,200
1.7956
Argentina
484,900
1,454,700
2,909,400
3.7823
Armenia
19,988,400
59,965,200
119,930,400
155.9157
Aruba
153,700
461,100
922,200
1.1989
Australia
186,500
559,500
1,119,000
1.4547
Azerbaijan
40,000
120,000
240,000
0.3120
Bahamas
109,600
328,800
657,600
0.8549
Bahrain
24,800
74,400
148,800
0.1934
Bangladesh
3,365,200
10,095,600
20,191,200
26.2496
Barbados
190,700
572,100
1,144,200
1.4875
Belarus
151,605,800
454,817,400
909,634,800
1,182.5725
Belgium
96,300
288,900
577,800
0.7511
Belize
137,800
413,400
826,800
1.0748
Bermuda
181,500
544,500
1,089,000
1.4157
Bolivia
338,700
1,016,100
2,032,200
2.6419
Bosnia-Herzegovina
86,700
260,100
520,200
0.6762
Botswana
433,800
1,301,400
2,602,800
3.3837
Brazil
288,200
864,600
1,729,200
2.2480
British Virgin Islands
130,300
390,900
781,800
1.0163
Brunei
80,100
240,300
480,600
0.6248
Bulgaria
89,900
269,700
539,400
0.7012
Cambodia
131,649,100
394,947,300
789,894,600
1,026.9040
Cameroon
29,295,300
87,885,900
175,771,800
228.5124
Canada
157,600
472,800
945,600
1.2293
Cayman Islands
106,200
318,600
637,200
0.8283
Channel Islands
89,200
267,600
535,200
0.6957
Chile
50,675,500
152,026,500
304,053,000
395.2847
China
378,300
1,134,900
2,269,800
2.9508
Colombia
137,964,200
413,892,600
827,785,200
1,076.1638
Costa Rica
42,040,000
126,120,000
252,240,000
327.9251
Côte d'Ivoire
31,238,300
93,714,900
187,429,800
243.6684
Croatia
420,500
1,261,500
2,523,000
3.2800
Curacao
115,800
347,400
694,800
0.9032
Cyprus
64,400
193,200
386,400
0.5023
Czech Republic
1,624,600
4,873,800
9,747,600
12.6723
Denmark
855,300
2,565,900
5,131,800
6.6716
Dominica
204,900
614,700
1,229,400
1.5982
Dominican Republic
2,125,700
6,377,100
12,754,200
16.5811
Ecuador
66,300
198,900
397,800
0.5171
Egypt
266,500
799,500
1,599,000
2.0787
El Salvador
58,200
174,600
349,200
0.4539
Estonia
69,800
209,400
418,800
0.5444
Fiji
105,300
315,900
631,800
0.8213
France
93,700
281,100
562,200
0.7308
Georgia
108,500
325,500
651,000
0.8463
Germany
95,300
285,900
571,800
0.7433
Ghana
131,100
393,300
786,600
1.0226
Gibraltar
83,600
250,800
501,600
0.6521
Greece
71,000
213,000
426,000
0.5538
Grenada
209,700
629,100
1,258,200
1.6357
Guatemala
508,500
1,525,500
3,051,000
3.9664
Guyana
11,462,300
34,386,900
68,773,800
89.4095
Honduras
1,363,200
4,089,600
8,179,200
10.6333
Hong Kong, China
769,700
2,309,100
4,618,200
6.0039
Hungary
18,394,100
55,182,300
110,364,600
143.4797
India
1,516,300
4,548,900
9,097,800
11.8276
Indonesia
499,087,500
1,497,262,500
2,994,525,000
3,893.0382
Page 15
Non-Core 11/3/2022
Market
MDRT Income
COT Income
TOT Income
Income Conv Factor
Ireland
103,200
309,600
619,200
0.8049
Isle of Man
87,800
263,400
526,800
0.6848
Israel
482,200
1,446,600
2,893,200
3.7613
Italy
85,200
255,600
511,200
0.6645
Jamaica West Indies
6,681,100
20,043,300
40,086,600
52.1146
Japan
13,071,200
39,213,600
78,427,200
101.9594
Jordan
37,200
111,600
223,200
0.2901
Kazakhstan
10,286,500
30,859,500
61,719,000
80.2379
Kenya
5,364,500
16,093,500
32,187,000
41.8447
Kuwait
25,500
76,500
153,000
0.1989
Laos
356,609,700
1,069,829,100
2,139,658,200
2,781.6669
Latvia
55,700
167,100
334,200
0.4344
Lebanon
107,084,800
321,254,400
642,508,800
835.2948
Lithuania
58,300
174,900
349,800
0.4547
Luxembourg
110,200
330,600
661,200
0.8595
Macau, China
571,900
1,715,700
3,431,400
4.4609
Macedonia
2,440,800
7,322,400
14,644,800
19.0390
Malaysia
203,200
609,600
1,219,200
1.5850
Malta
38,300
114,900
229,800
0.2987
Mauritius
2,117,000
6,351,000
12,702,000
16.5132
Mexico
1,144,700
3,434,100
6,868,200
8.9290
Montenegro
9,200
27,600
55,200
0.0717
Montserrat
104,000
312,000
624,000
0.8112
Mozambique
2,682,800
8,048,400
16,096,800
20.9266
Myanmar
43,217,200
129,651,600
259,303,200
337.1076
Namibia
701,100
2,103,300
4,206,600
5.4687
Nepal
2,408,300
7,224,900
14,449,800
18.7854
Netherlands
99,900
299,700
599,400
0.7792
New Zealand
183,300
549,900
1,099,800
1.4297
Nicaragua
1,443,800
4,331,400
8,662,800
11.2620
Nigeria
9,974,500
29,923,500
59,847,000
77.8042
Norway
1,262,800
3,788,400
7,576,800
9.8502
Oman
23,100
69,300
138,600
0.1801
Pakistan
3,076,100
9,228,300
18,456,600
23.9945
Panama
60,100
180,300
360,600
0.4687
Peru
208,000
624,000
1,248,000
1.6224
Philippines
2,191,500
6,574,500
13,149,000
17.0943
Poland
229,300
687,900
1,375,800
1.7886
Portugal
TBD
TBD
TBD
TBD
Qatar
291,500
874,500
1,749,000
2.2737
Republic of Korea
108,371,600
325,114,800
650,229,600
845.3322
Romania
220,000
660,000
1,320,000
1.7160
Saudi Arabia
255,200
765,600
1,531,200
1.9906
Serbia
4,915,400
14,746,200
29,492,400
38.3416
Singapore
125,400
376,200
752,400
0.9781
Slovakia
68,600
205,800
411,600
0.5351
Slovenia
72,600
217,800
435,600
0.5663
South Africa
486,500
1,459,500
2,919,000
3.7948
Spain
80,500
241,500
483,000
0.6279
Sri Lanka
4,630,200
13,890,600
27,781,200
36.1170
St. Kitts and Nevis
217,300
651,900
1,303,800
1.6950
St. Lucia
242,800
728,400
1,456,800
1.8939
St. Maarten
121,000
363,000
726,000
0.9438
St. Vincent
201,000
603,000
1,206,000
1.5678
Suriname
410,000
1,230,000
2,460,000
3.1981
Sweden
1,130,000
3,390,000
6,780,000
8.8143
Switzerland
146,200
438,600
877,200
1.1404
Taiwan Area
2,351,200
7,053,600
14,107,200
18.3400
Tanzania
95,057,300
285,171,900
570,343,800
741.4765
Thailand
1,579,700
4,739,100
9,478,200
12.3221
Togo
30,108,200
90,324,600
180,649,200
234.8533
Tonga
208,100
624,300
1,248,600
1.6232
Trinidad & Tobago
509,200
1,527,600
3,055,200
3.9719
Turkey
TBD
TBD
TBD
TBD
Turks & Caicos
132,500
397,500
795,000
1.0335
Uganda
168,435,000
505,305,000
1,010,610,000
1,313.8455
Page 16
Non-Core 11/3/2022
Market
MDRT Income
COT Income
TOT Income
Income Conv Factor
Ukraine
462,900
1,388,700
2,777,400
3.6107
United Arab Emirates
303,000
909,000
1,818,000
2.3634
United Kingdom
88,200
264,600
529,200
0.6879
United States
128,200
384,600
769,200
1.0000
Uruguay
2,066,300
6,198,900
12,397,800
16.1177
Venezuela
950,800
2,852,400
5,704,800
7.4165
Vietnam
624,913,700
1,874,741,100
3,749,482,200
4,874.5218
Zambia
390,000
1,170,000
2,340,000
3.0421
Zimbabwe
1,734,700
5,204,100
10,408,200
13.5312