Retail Agent Commissions

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Retail Agent Commissions

To Add or Edit Employee Commissions

On the Primary menu, click SEARCH. Search for the retail agent to view the commission detail.
Click the Details icon for the retail agent.
Click the commissions tab.
Edit the commission details or click [Add New].

Complete the commission detail as necessary:

Select the Branch Name from the list to identify which branch the commission is being setup for. Proceed to Setting up Defaults. If carrier associations have been set up, the Branch Name list is filtered by branches belonging to territories associated at the carrier association tab. For more information about entity associations, see the Carrier Associations topic.
Select a Carrier from the list to identify which carrier the commission is being setup for. Proceed to Setting up Defaults.
Select a Line of Business from the list to identify which line of business the commission is being setup for. Proceed to Setting up Defaults.
Enter the required Retail Agent Code. This is typically identified as the code number assigned to the agency by the carrier.

Set the defaults by clicking the check box beside each default type. Each default set will trigger Nexsure to try and match information between the policy and the defaults selected on this tab.

The table below shows the information that Nexsure tries to match up when each default check box is selected. If none of the default check boxes are selected, then Nexsure tries to match up the organization, branch, department, carrier, and LOB with the new policy. Once a match is made, the default rates will populate the policy. If no match is found, the rates set on this commissions tab will not populate the policy.

Default Selection	Match Requirements
Retail Agent Default	Branch
Carrier Default	Carrier and Branch
Line of Business Default	Line of Business and Branch

Retail Agent Default: One retail agent default may be selected as the overall default for the organization. The retail agent default selected should be what best matches the commission that is received by the agency most of the time.

Carrier Default: One carrier may be selected as the commission default per carrier within a branch by selecting the check box beside Carrier Default. A carrier default may be setup for each carrier (each parent with subsidiaries = one carrier) within a branch.

Note: There can only be one carrier default per carrier per retail agent. The carrier default should be selected to best match what commission is received most of the time from that carrier.

Line of Business Default: One line of business default may be added for each specific line of business within the retail agent.

Note: There can be only one line of business default per line of business, per retail agent. A line of business default should be set up for each line of business that has a commission percentage outside of the carrier default. If a default exists for a line of business under one carrier and another default is selected for that specific line of business under another carrier, it will overwrite the existing default and become the current default.

Rate Type is what that commission will be calculated from.

% of Agency Commission is defined as a percentage of the agency commission shown on the policy info tab.
% Of Fee is defined as a percentage of the fee entered on the policy info tab.
% Of Premium is defined as a percentage of the premium entered in the Premium box on the policy info tab by line of business.
Flat Amount is defined as a flat dollar amount entered in the Rate box.

Enter the commission rate for New, Renew and Rewritten. Notice the red * asterisks beside each rate box, this indicates that something must be entered, even if it is zero. The record will not be saved if any required boxes are not populated.

Enter an amount into the Min. and Max. boxes. These boxes are used to identify the minimum and maximum commissions that would be seen on invoices. These boxes are optional and are used for reference only.

The Eff. Date field automatically populates and identifies the date the commission being added becomes effective. Change the Eff. Date as needed. If this date is outside the policy term effective date, the commission will not populate the policy info tab.

Enter a date into the Exp. Date box. The Exp. Date box is not populated by default. Entering an expiration date indicates the date the commission will no longer be valid. Leaving the expiration date box blank allows the commission rate to not expire. If this date is outside the policy term expiration date, the commission will not default to the policy info screen.

Note: If an expiration date is entered that commission will not pull to policies written with an effective date after that date. A new commission, with the new rate and effective date, may be added. The effective date of the policy will determine which commission will be pulled to the invoice.

Enter a Quota amount as needed. The Quota amount is for reference only and is optional. Quota is the amount of either commission or premium the branch expects to meet for the Eff. and Exp. Dates entered.
Click on the Status list and select Active which is populated by default or Inactive (if the commission default is no longer needed.)
To finalize the new commission default, click [Save] to save changes or click [Cancel] to abort.