Business Unit Split

This feature, or some fields and options described, might not be available depending on your settings, security rights, or platform package.

Business Unit Split

se this feature to split revenue and expenses across multiple business units on an invoice. When adding a split for the first time, the template defaults apply.

If a business unit split template already exists and you choose a different template, the following AMS360 message displays:

Business Unit Split is available in the Transaction Premiums / Billing section of a policy.
The Business Unit Split default is No Split. The list contains all saved and active Business Unit Split Templates where you have Full Access Business Unit Security for all Business Units in the split.
After applying a template, a Split Business Unit link appears in the grid. Use the link to view and modify the commission splits for the business units. Modifying the amounts of the split here turns the split into a Policy Specific Split.

Field/Group Name	What is this?
Total Premium	The premium total premium entered for the line of business
Remaining Premium	Indicates the amount of unassigned premium for the split. This figure updates as you enter amounts for each business unit. The remaining premium must be 0 to Save. If it is not, an out of balance message appears.
Next/Previous	Next opens the next line of business to apply a split premium. Previous takes you back.
Division	The division applied to the business unit split template.
Branch	The branch applied to the business unit split template.
Department	The department applied to the business unit split template.
Group	The group applied to the business unit split template.
Division	The business unit combination(s) from the template.
Branch
Department
Group
Percent	The percentage to apply to the split. When you change the percentage, the premium reallocates accordingly. You can enter combinations of percents and premiums.
Premium	The premium to apply to the split. When you change the premium amount, the percentage reallocates accordingly. You can enter combinations of percents and premiums.
Billed Premium	Amount of premium previously billed.
Posted	The box is checked when the premium is posted.
Save	Saves your entries. After saving, click Close.
Close	Closes the form.

What's Next?

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