To add a new layer cover premium share entry, you need to click in the Layer Cover Premium Shares List block and then perform the following steps:
§ The Layer name will be automatically displayed by the system according to the selected treaty layer;
§ Select the Policy Type for this entry;
§ Select the Cover Premium from the available list. Cover premiums will be filtered based on the policy type selected;
§ Enter the Ceded Percentage, Retention Percentage, Commission Percentage, Capacity and Profit Commission Percentage for the selected layer;
§ Enter in the Event Limit which indicates the capacity of this layer in case an event occurs;
§ From the Distribution Basis drop-down list, select the basis for distributing the shares; based on Sum Insured or Case Limit;
§ Once you have finished entering in all necessary data, click.
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