helpLet me illustrate... - Support: sr #104413, Calculate producer compensation


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sr #104413: Calculate producer compensation

Submitted by:  Greg Chicares <chicares>
Submitted on:  Mon 11 Jul 2005 10:11:00 PM UTC  
Category:  Calculations Status:  Wont Do
Priority:  1 - Later Severity:  1 - Wish
Assigned to:  None Open/Closed:  Closed

Wed 09 Aug 2017 04:30:19 PM UTC, comment #1:

Not practical because different classes of agents are paid
according to different commission scales, not to mention
manager and general-agent overrides.

Greg Chicares <chicares>
Project Administrator
Mon 11 Jul 2005 10:11:00 PM UTC, original submission:

The system should calculate producer compensation. The limited
calculation that was added in a great hurry last year is suspected
of being incorrect.

Both premium- and asset-based compensation should be calculated.
It would be desirable to permit banded or tiered asset-based
compensation. Any "extra" compensation entered in the input GUI
should also be reflected.

Incidence of compensation should be tracked carefully, or the
accuracy of the calculation should be disclaimed. Asset-based
compensation might typically be paid each quarter based on
average assets, for instance.

Compensation would normally be shown in a separate report.
It may be helpful to show asset- and premium-based compensation
separately along with their sum.

Greg Chicares <chicares>
Project Administrator


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    Follow 4 latest changes.

    Date Changed by Updated Field Previous Value => Replaced by
    2017-08-09 chicares StatusNone => Wont Do
        Open/ClosedOpen => Closed
    2006-09-26 chicares Priority5 - Normal => 1 - Later
    2006-04-27 wboutin CategoryNone => Calculations

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