Agent management includes agent advances, chargebacks, reserve accounts, multiple hierarchy schemes, 1099's, agent balance reports, and periodic commission statements.

As many as 10 agents may be assigned to a single policy, permitting your company to have an extensive hierarchy of commission payments. Commission rates may be set up to vary by agent level and by plan allowing riders to pay different commissions than base plans. Commission rates can be a percent of premium or a percent of face amount.

Within agent administration, flexibility is built-in to do the following:

• Add, change, or delete agent information.
• Maintain agent contract information including agent level, status, manager, assignment, minimum payment amounts, advancing criteria, chargeback rules, reserve accounting, and licensing information.
• View premiums and commissions earnings, separated into first year or renewal amounts for the prior period, the current period, and year-to-date.
• Calculate, edit, and add manual payments to or from agents to be included on the periodic statements.
• Produce periodic statements with complete accounting of premium payments, earned commissions, advances, chargebacks, and agents' accounts.
• Agent statements can be produced in a .pdf format for easy electronic distribution.
• Agent payments can be made by check via the A/P export, or by direct deposit.
• At the end of each year, generate 1099's on paper and on disk for electronic filing with the IRS.