The Retail Agent policy info and invoice functions have been updated to include:

• Ability to include commissions on invoicing.
• Net and gross broker billing.
• Add % of fee as a Rate Type.
• Add default for % of Net Agency Commission as a Rate Type.

• Invoice defaults can now be set up for production credit handling, the two new default options are:
• Select the Permit Production Credit line item total over 100% option if the policy info and invoicing production credit can exceed 100%. When selected, this function allows over allocation when editing an invoice. When entering a total over 100% in the policy info, a warning will be displayed, but the excess will be permitted.
• Select the Production Credit line item total must be 100% option if the policy info and invoicing production credit cannot be less than or greater than 100%. Entries that do not equal 100% will not allow the policy to be placed in force or an invoice to be posted.

Also, production credit allocation now includes 4 decimal breakdown. Entry greater than 4 after decimal rounds up ending in 5 or greater, down less than 5. (F2789)

The following posting rules updates have been made for the Retail Agent functions:

• Revise Organization posting rules layout.
• Revise retail agent posting rules at department.
• Add posting rules at retail agent file.