When in a Product record click in order to set up and override any of the Taxes and Fee structures that have been set up in the Administration area for this specific Product. The user will need to activate each of these individually if they are applicable for this Product. Tick the box of those that are applicable.
Note: If the user wants UnderwriterCENTRAL™ to calculate premiums based on each of the individual Products Fees and Taxes, the user does not need to select them here.
This is an important area for 2 reasons:
1. | Certain Insurers or Brokers may have Standard Commission Rates for their Products. |
2. | Notice will be received from time to time that other fees and taxes change. Update at a specific Product Level here. |
To override a Fee and/or Tax in this area, you will need to click . A new row will open below.
Click in each field of the row (starting from the Tax Fee Type), and make a selection where a drop down field or date selector offered, or alternatively type in a response. Once completed, click .
To delete an update to a specific Fee or Tax, check the box to the left of the row, then click to delete.
Click to Save all data.