Policy Specific Split
Use the Policy Specific Split feature to allocate commission revenue and expense across business units with allocation percentages unique to this policy. If you use the same business unit split allocations consider setting up a template in agency setup that can be used for any policy.
You can modify Business Unit Splits for previously billed policies (accrual accounting basis only). See Overview - Business Unit Split for more information.
Accessing Policy Specific Split
- In the Customer Center, select the customer.
- On the Views menu, click Policies.
- Click the link in the Policy # column for the policy you want to edit. The Policy data entry form opens.
- Expand the Transaction Premiums/Billing section.
- In the Business Unit Split section, select either Create Policy Specific Split or Edit Policy Specific Split depending on whether the policy has any existing Transaction Premium Business Unit Splits.
Fields in Policy Specific Split
| Field | What is this? |
|---|---|
|
Name |
View Only Defaults to Policy Specific |
|
Description |
Updates the name of the Policy Specific Split after saving. |
|
Get Business Units |
Use to fill grid with Business Units (only business units for which the user has security access appear in the grid). |
|
Business Unit Split Percentages Grid |
Click Get Business Units to display all active Business Units for which you have security access. Total of split percentages must equal 100 regardless of the number of business unit combinations selected. |
|
Save |
Business Unit Split changes replace any previous split associated with the policy and are applied to all unbilled policy transactions. Billed transactions are not affected except that new business unit rows may be added at 0.00 premium. |
|
Close |
Closes window and returns you to the Policy data entry form. |