Broker Setup

Brokers place business with your agency on behalf of their insureds. They collect the premiums directly from their insureds, and pass the net or gross premium onto your agency. Use this form to set up a new broker or edit an existing broker.

Complete the following sections, paying attention to the red required fields:

If you are setting up a new broker, there is an additional step you must complete for Brokers to receive commission on billed invoices. After completing Broker Setup take the following steps.

 

You must have security rights to Administration Center and to the Billing Charges and Credits data entry form.

  1. Open the Administration Center.
  2. On the Accounting menu, click  Billing Charges and Credits.
  3. From the list of Billing Charges and Credits, click the Category heading drop-down menu and choose Premium. This limits the list to only premium type billing charges.
  4. Open each Billing Charge and Credit in the list and select the Broker check box (or verify it is selected) in the Default Commissions in Billing section.
  5. Click the Save & Close icon to save your changes and return to the Billing and Charges list.

If you do not select the Broker check box, the Broker receives no commission and is unavailable on the invoice.

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