Through the Agent Fees page, you can set the fees specified for insurance agents. You can specify custom fees that will be considered as the default fees for the agent unless specified otherwise. Custom agent fees can either be defined automatically or manually. Once you define all needed agent fees, you can define the Fee Tiers for each agent fee.

 

To set default agent fees, you need to go through the following steps:

 

• Select the Agent in the Agent Fees Search block;
• Click  to view a list all fees for this selected agent in the Agent Default Fees block;
• Select the Fee(s) you want to set as the default fees and click

 

 

Add Agent Custom Fees Manually

 

 

To manually add agent custom fees, make sure to search for the needed Agent. After that, click in the Agent Custom Fees block and perform the following steps:

 

• Select the Insurance Class for this agent custom fee. Based on the insurance class you choose, the Policy Type drop-down list will be updated with the relevant values. Select the Policy Type that corresponds to this agent custom fee;
• Select the Business Type for this agent custom fee;
• Select the Fee Type from a list of types that were previously defined in the Fee Types page;
• The Agent Name will be automatically displayed as per your previous agent selection;
• Once you have finished entering the necessary data, click.

 

Next, you can set the fee tiers to be calculated.

 

Add Fee Tiers

 

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, To leave a field empty, simply enter in ‘0’;
• 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 abovementioned steps.