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Commissions Management in Insurance Brokerage
Manage producer splits and commission statements.
- Producer Split Management
Producer splits refer to the distribution of commission or earnings among multiple producers or salespeople involved in a single sale or policy. Store and maintain producer splits to use them in commission processing. - Commission Statement Management
Calculate the producer commission amounts based on the commission amount and active split arrangement definition, and then create the producer commission records. The commission statement processing feature intakes the carrier commission statement through a CSV file upload or client-configured process.
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