Business Reports

  Business Reports – Insurance Company’s Commission Statement

InsurancePro allows you to easily generate the Commission Report for Insurance Companies you do business with. You can use this Commission Statement to tally with the Commission Check/Statement that you receive from the Insurance Company at the end of each month.

To generate a Commission Statement, choose “Comm. Statements” from the sliding Report Options. Under “Generate For”, choose the company you wish to generate the report for, and click on “Generate”. You will get a list of each new policy, renewal, cancellation or endorsement that had been recorded in InsurancePro for that particular company between the specified dates.

Note:

The commission statement produced by InsurancePro will be based on ONLY the information that has been recorded in InsurancePro. In most cases, all the New Business commissions will be completely accurate, but the endorsement commissions, cancellation refunds (unearned commission) and renewal commissions might not be exact, as in most cases all information about each of the above will not be entered in the management system. However, you should get a very fair estimate of what you can expect from the Insurance Company, and you can always tally the statements from InsurancePro and the one that you receive from the Insurance Company, and question transactions that are missing.

Also, for the Commission Statements to be accurate, you must have the Commission Percent for each Insurance Company entered correctly in InsurancePro.