You are here:
Producer Split Arrangement and Line Items
Create a producer split arrangement record and line items to define the percentage of split allocated to each producer, and then associate it with an account or insurance policy. This applies to explicit producer split arrangement definitions, producer role split arrangement definitions, and subsequent producer split arrangements.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions where Financial Service Cloud and Insurance Brokerage are enabled |
Create the Producer Split Arrangement
Create a producer split arrangement to define how a producer's commission is split with another producer, producer group, or agency.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions where Financial Service Cloud and Insurance Brokerage are enabled |
| User Permissions Needed | |
|---|---|
| To create the producer split arrangement: | Insurance Commissions Management and Insurance Brokerage User |
- From the App Launcher, find and select Producer Split Arrangements.
-
Click New and enter the required information.
- Don’t enter an end date for new splits. Provide an end date only if you don’t want to assign this split arrangement to new assignments.
- Select Line of Business and Line of Coverage if you want to filter the producer roles or producer split arrangements based on these values during producer role and producer split assignments.
-
Save your changes.
A message confirms that the producer split arrangement record is created.
Create the Producer Split Arrangement Line Items
Specify how to allocate commission payments to producers and producer roles.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions where Financial Service Cloud and Insurance Brokerage are enabled |
| User Permissions Needed | |
|---|---|
| To create the producer split arrangement line items: | Insurance Commissions Management and Insurance Brokerage User |
- From the Producer Split Arrangement record, on the Arrangement Line Items related list, click New.
-
In the New Producer Split Arrangement Line Item window, enter the required details.
Field name description Name The name of the producer split arrangement line item record. This field is autogenerated. Producer The producer associated with the line item. Producer Split Arrangement The parent producer split arrangement associated with the line item. Split Type The type of split. For example, Commission, Bonus, or Overrides. Producer Relation Type The relationship of the producer with the brokerage. Producer Role The role of the producer associated with the line item. For example, Primary or Secondary. Split Percentage The commission percentage associated with the split. Split Amount The flat amount that the producer gets paid for the split. Receive Rounded Amount Specifies which producer receives the rounded up amount during uneven split. Subsequent Producer Split Arrangement The subsequent producer split arrangement associated with the line item. The split percentage total for all line items related to a producer split arrangement can be less than 100%, but if it exceeds 100%, the commission processing fails.
-
Save your changes.
A message confirms that the producer split arrangement line item record is created.
Considerations and Limitations for Split Amount and Split Percentage Fields
Here are a few things to keep in mind when dealing with split amounts and percentages.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions where Financial Service Cloud and Insurance Brokerage are enabled |
- When processing a commission statement for split arrangement line items, the system first processes the line items with fixed split amounts. After allocating these fixed amounts, the remaining balance is then distributed among the line items with split percentages.
- The split amount for a producer split arrangement line item can't be negative.
- If the commission amount of a commission statement line item is negative, then the producer split arrangement line items with split amount aren't considered for processing.
- For an split arrangement line item, you can enter either a split amount or a percentage, but not both.
- In a multi-currency organization, the commission amount and split amount must be in the same currency.
Rounding Commission Amounts in Producer Split Arrangement
When processing a commission statement, the rounding logic ensures that the system creates producer commission records with precise amounts that round to an appropriate currency denomination, which is two significant digits after decimal point. The Receive Rounded Amount field on the Producer Split Arrangement Line Item record page specifies the specific split arrangement line item that must receive the rounded commission amount.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions where Financial Service Cloud and Insurance Brokerage are enabled |
Here are some rules that the rounding logic follows.
- If a producer split arrangement line item has the Receive Rounded Amount field set to true, the amount is rounded to the nearest 0.0X (two significant digits after the decimal point) value. For example, 0.006 is rounded to 0.01, and 0.004 is rounded to 0.00.
- The system processes only one producer split arrangement line item per split type that has
the Receive Rounded Amount field set to true within a single producer split
arrangement.
Total Commission Amount: $100.00 Line Item Percentage Split Type Roundup Indicator FInal Amount Line Item 1 30 Commission True $30 Line Item 2 40 Bonus True NA Line Item 3 70 Commission False $70 Line Item 4 60 Bonus False NA - If more than one producer split arrangement line item has the Receive Rounded Amount set
to true, the system generates a failure message during commissions processing. The same
logic applies to producer relationship.
Total Commission Amount: $100.00 Line Item Percentage Roundup Indicator Line Item 1 30 True Line Item 2 40 True Line Item 3 30 False The system generates a failure message because more than one line item has the Received Rounded Amount set to True.
- If none of the producer split arrangement line item records have the Receive Rounded
Amount field set to true, the system uses the calculated amount and may result in a marginal
error.
Total Commission Amount: $100.13 Line Item Percentage Calculated Amount FInal Amount Line Item 1 30 $30.039 $30.039 Line Item 2 20 $20.026 $20.026 Line Item 3 50 $50.065 $50.065 - When the Receive Rounded Amount is set to true for one of the line items, the amount will be rounded down after the split calculation from the other line items and rounded up to the one that has the rounded amount set to true.
- If the total splits don’t match the initial amount after rounding, the adjustment amount
is added to the line item that has Receive Rounded Amount set to true.
Total Commission Amount: $100.13 Line Item Percnetage ROund up Indicator Calculated Amount Rounded Amount Final Amount Line Item 1 30 True $30.039 $30.04 $30.05 Line Item 2 20 False $20.026 $20.02 $20.02 Line Item 3 50 False $50.065 $50.06 $50.06 The adjustment of $0.01 is given to Line Item 1.
- If the split percentages don’t add up to 100%, no adjustments are made.
Total Commission Amount: $100.13 Line item Percentage ROund up Indicator Calculated Amount Rounded Amount Final Amount Line Item 1 30 True $30.039 $30.04 $30.04 Line Item 2 20 False $20.026 $20.02 $20.02 No adjustements are made in this scenario.
Did this article solve your issue?
Let us know so we can improve!
