To add Fee Tiers to a policy type fee, select the fee from the Policy Type Fee block. In the Fee Tiers Entry Block, perform the following steps:

 

§  Enter in the start and end of the tier in the Range From and Range To fields;

§  In the Fee Percentage field, enter the fee percentage that will relate to this tier. To enter in a flat amount, rather than a percent amount, do so in the Fee Amount field. One of both fields should be filled,

§  Enter in the Minimum Fee Amount if one exists;

§  Select the relevant radio button based on whether this fee is a Credit fee or a Debit fee. A credited fee is a fee taken from the customer to the insurance company, and a debited fee is a fee paid from the insurance company;

§  Check-in the Discountable checkbox if this fee can be given at a discounted rate;

§  Check-in the Reinsured checkbox if part of this fee goes to the Reinsurance company;

§  Once you have finished entering the necessary data, click. To add another tier, simply click on  and repeat the above-mentioned steps.