Using the Insurance Commission Module - 1 Day
Whether you're an individual producer or head of an agency who pays producers and brokers from multiple companies, you can rely on Advisors Assistant to make sure you're being paid what your companies owe you. Advisors Assistant will also calculate what you need to pay your agents and managers.
Insurance Commission module training is designed to give you hands on experience in:
- Setting up commission rates for your companies and your producers and managers.
- Tracking commissions for both high and regular producers.
- Understanding how policy data interacts with the commission module to calculate agency, producer, and manager commissions.
- Automatically calculating first year and renewal commissions.
- Splitting commissions among producers and managers.
- Tracking universal life commissions for basic and excess premiums.
- Tracking overrides, fixed payments, single premium commissions, non-commissionable amounts, annualized commissions, and more.
- Posting commissions using commission transmittal reports from your companies.
- Printing management reports showing your net earnings after all commission distributions are made to producers and managers.
- Printing producer and manager transmittal reports to accompany payments.
- Entering special situation commissions.
- Automatically deducting agency expenses from producers' commissions and chargebacks.
Class Price: $199
For more information call us at 800-799-4267 or 805-773-7981.
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