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How does the Commission section work?
Group
Question
How does the Commission section work?
Answer
Left hand side status headings
- New Commission
- Commission from new applications in the last 30 days earned but not necessarily paid (not net of claw backs)
- Clawbacks
- Amount owed to FMI as a result of lapsed policies or premium reductions (may be off-set against new business)
- Pending
- New commission less claw backs
- Adviser commission status
- Indicates the type of commission agreement an adviser has with FMI