To add an Insurance Class, click in the Insurance Class List block. Accordingly, the Insurance Class Entry block will open where you should perform the following steps:

§  Note that the Company will be displayed automatically;

§  Select the Department of this insurance class(optional field);

§  If this insurance class belongs to a parent class, select the parent from the Class Group drop-down list. This field is optional and an insurance class does not have to belong to a parent class. It is important to note that an insurance class cannot be added to a parent class that already has policy types defined for it. For information about policy types, refer to the Add Policy Type section. Using the Class Group feature, you can create a tree-like structure of insurance classes;

§  The Class ID field will be automatically updated by the system upon the saving of this insurance class;

§  Select the Line of Business of the insurance class. This list of values is predefined in the system and denotes the way in which the insurance class will be handled;

§  Enter in the Class Code; which is an abbreviation of the insurance classes’

§  Enter the Name of the insurance class. In the Name 2 field, you can enter in the name of the insurance class in the alternate language of the system, if so desired;

§  Enter the Agent Commission % (which is defined on insurance class level). If an agent was added to the system but was not given a commission, then this percentage will be set as his/her default commission percentage;

§  Once you have finished entering the necessary data, click.