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Policy Specific Split

Use the Policy Specific Split 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.

ClosedAccessing Policy Specific Split

Access the Policy Specific Split from the Policy > Transaction Premiums / Billing > Business Unit Split section.

Select either Create Policy Specific Split or Edit Policy Specific Split depending if the policy has any existing Transaction Premium Business Unit Splits.

ClosedFields 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

  • Defaults with division(s) assigned on policy.

  • Get Business Units button displays all active Business Units for which the user has security access.

  • Total of split percentages must equal 100 regardless of the number of business unit combinations selected.

Save

  • Total of split percentages must equal 100

  • 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.

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