Commission Component
Contents
The total commission for a policy may be made up of several "components." The components are represented by separate rates in the rate table.
For example, if the agency receives 75% of the Base Premium plus 5% of the Excess Premium and 30% override on the base premium, and a fixed amount of $2 per month, that total commission would have the following components:
| 1. | Base Commission |
| 2. | Base Override Commission |
| 3. | Excess Premium Commission |
| 4. | Fixed Amount Commission |
Taken together it is one commission, but Advisors Assistant tracks all 4 of the components for all commission levels (agency, producer, manager).