An agent is the person or persons receiving commission on a policy. If premium or commission is being tracked for multiple agents on the same policy, duplicate policies should be added with each agent's share of the premium.
An Agent is required for each policy. The agent is the person who is writing the policy. If there are multiple agents, then multiple policies need to be created representing each agents share of the premium. For example, if a policy is split 50%/50% ...
Sometimes a commission statement might come from a broker dealer or IMO with commissions from multiple carriers. If the statement has commissions from multiple carriers, you will need to select Multiple Carriers when creating the map. You will also ...
Client policy information can be imported using pre-defined policy import templates or entered manually. Each import template contains specific columns based on they type of commission paid on the policy. Depending on the types of policies you write, ...
A Target Premium policy can be a universal life or other life policy that pays a base commission on “target premium” as determined by the carrier. A lower commission is usually paid on the “excess” premium above the target amount. Commissions can be ...
A Graded policy pays a decreasing percentage of premium. As the accumulated premium increases throughout the year, the commission rate goes down. These plans are common with employer provided insurance such as group life, dental, LTD and STD. Add Go ...