Products Tab

Navigation:  Brokers > BrokerDetail Tabs >

Products Tab

Previous pageReturn to chapter overviewNext page

Select Products tab clip3154to open the corresponding broker product defaults

 

Broker Product Defaults - In this area you can set product defaults such as commission and payment details.

 

1.Click clip4982 and then click into the Product field.  Select the correct option from the drop down list.

clip3156

2.Check the boxes if they are applicable, then type in the percentages on whether or not the product has commissions and then select a payment term.   It is important to check the Deductable Box if the Broker will withhold their commission when remitting payments.  If this is not checked it will be assumed the full payment will be received and the underwriter will need to remit the brokerage back to the broker.

clip3157

3.        To add more than one Broker Product Default, click clip4982 and repeat steps 1 and 2.

4.To delete a Broker Product Default, tick the box clip3159 to the left of the Broker Product Default and then click the minus clip4983 to delete.