| AXIS
Update Information |
| Update
Summary: |
Commission Based on Face Amount for Direct and Multiple Reinsurance |
| Update
Type: |
Enhancement
|
| Version
# : |
12301001 (16 Aug 08) |
| Modules
Affected: |
Regular Life , Par Products , Disability |
| Changes
Results: |
No
|
| GGY
Job # |
17420 |
| Detailed
Update Description |
In Regular Life, Par Products and Disability modules, there is a new Commission [composite] table in Product Features, Reserves, Single Reinsurance and Reinsurance Terms sections.
The composite table contains two tables:
Row 1 - commission %
Row 2 - commission per 1000 face (for Regular Life and Par Products), or
Row 2 - commission per 100 face (for Disability).
There is a "Define" button to set "Face" to be either actual or nominal.
The composite table may be selected in each row of the Commission/Def/Maint[composite] table.
In Regular Life module, "UDT 29 - Additional ceded comm/$1000 ceded face amount" has been converted into row 2 of a new composite table in Single Reinsurance section. (If a Commission/Def/Maint[composite] table is used, the converted composite table will be found in row 1 - Total commission).
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