Add an Override or Bonus to a Policy Import Template
Other Comp refers to additional compensation paid on a policy beyond the base commission, such as an override or bonus.
Other Comp can be imported at the same time as the base policy by including it in the policy import template. Only add Other Comp if it is paid as a separate commission on the same statement as the base policy or received in a separate statement.
AgencyComp tracks base commissions and additional compensation separately to ensure both are accurately recorded and paid. Other Comp can also be added manually after the policy has been imported.
Add the override or bonus if it is paid on a separate line from the base commission.
Adding Other Comp to a Policy Import Template
- Download a policy import template.
- Add the Base policy information. Click Base as the Policy Type.
- Copy and paste the Base policy information. Select Other Comp as the Policy Type. Select the Comp Plan Type from the dropdown menu.
- Enter the Revenue Type from the commission statement. This information is used to match overrides or bonuses to the correct commission and is required for tracking Other Comp.
- Enter the Comp Plan Name for the override or bonus.
Overrides or Bonuses from Another Agent
- If you receive overrides from downline agents, enter them as you would a Base policy. Be sure to include the override Comp Plan schedule.
- Complete all required fields and enter the name of the agent.
- Enter the Comp Plan Name. The comp plan describes the override or bonus you are receiving on the policy.
Related Articles
Generic Import Template
The Generic Import Template is an Excel spreadsheet with pre-defined columns. When using the template, the Generic Import Map is used to import the data. After downloading and adding commission data to the template, the statement import process is ...Import Client Policies
Customer policies can be imported using our Policy Import Template. Simply copy and paste data directly from your commission statement into the template to quickly load policies into the system. Download a Policy Import Template Go to the Main Menu. ...Step 2 - Import Client Policies
Customer policies can be imported using our Policy Import Template. Simply copy and paste data directly from your commission statement into the template to quickly load policies into the system. Download a Policy Import Template Go to the Main Menu. ...Add a Policy Increase to a Import Template
A Policy Increase can be added to the policy import template. Policy Increases can only be added policies that use a Pct of Premium or Target Premium comp plan. An example of a policy increase is an automatic increase in benefit to an individual ...Add a Rider to an Import Template
Riders for a policy can be added to a Pct. of Premium or Target Premium policy import template. An example is a Children's Term Rider added to a parent's life insurance policy. The rider should only be added to the template if it pays a separate ...