Other Comp (Overrides or Bonuses)

Other Comp (Overrides or Bonuses)

Overrides and bonuses for a policy can be added to a policy import template or added manually to a policy.  An example of Other Comp is an override, bonus, or additional fee paid in addition to the base commission.  Add the Other Comp to the policy only if it pays a separate commission on the same statement as the base policy or if it's paid on a separate commission statement.

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Add

  1. Go to the Main Menu.
  2. Click Policies.
  3. Click a policy number.
  4. Click Other Comp.
  5. Click ADD OTHER COMP.
  6. Confirm the comp plan name.  The default plan is the same as the base policy.  If the Comp Plan Type is different from the base policy, select a different Comp Plan Type from the dropdown menu.

  7. Enter a Revenue Type.  This field is required to match the commission from the statement to the policy.
  8. Enter the Effective Date.
  9. Click SAVE & RETURN.

Edit

  1. Go to the Main Menu.
  2. Click Policies.
  3. Click a policy number.
  4. Click the Other Comp tab.
  5. Click the Other Comp name.
  6. Make changes.
  7. Click SAVE & RETURN.

Delete

  1. Go to the Main Menu.
  2. Click Policies.
  3. Click a policy number.
  4. Click the Other Comp tab.
  5. Click the box next to the Other Comp to delete.
  6. Click the delete icon .
  7. Click CONTINUE.

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