When Advisors Assistant does not find a Custom Producer Rate Table, it will use the Default Table. The Default Producer Rate Table can apply to many or even all of the producers who sell a particular kind of policy.
For example you have 100 producers. 98 of the producers all have the same rate structure and two high producers have a special deal.
With Default Rate Tables you would only need to enter 3 rate tables rather than 100 (one for each producer) for the example above.
Note: Your default tables should be the LOWEST level of rates and not necessarily the one you use most often. The reason for this is that if you forget to do a custom table for a producer, the default table will be used. If it is lower than the producer or manager should receive, you WILL get a phone call. If it is higher than the producer or manager should receive, you MIGHT get a phone call.