Defaults Pg. 1
In this topic, we continue our discussion of configuring the States table, located on the Tables Menu.
On the Defaults Pg. 1 tab, located in the State Defaults dialog box (see Detail), you can continue entering the default settings for the state that you started on the General Defaults tab.
- Click the Defaults - Pg. 1 tab.
- Enter
information in the Renewal Manager Defaults pane.
- Policy Fee – policy fee for the state (a percentage of the premium unless Flat amount is selected)
- Rounding – rounding method for the policy fee
- Max – maximum policy fee that can be charged
- Enter
information in the General pane.
- Require Retail Agent/License Number for Binding – require the entry of the retail agent's/broker's license number in the AIM Issue Binder dialog box
- Require Admitted Markets for Binding – require the entry of the admitted carriers that the risk was submitted to at time of binding
- Subject to Municipal Tax – select if policies are subject to municipal taxes. With the option selected, you can configure municipal taxes in the DMU Tax Table.
- Tax Message – message to appear in the tax calculator when the state is selected
- URL – Web site address for the state's tax entity
- MGA License for This State – state license number for the tax entity