Payments to Producing Brokers (PB) | Version 1.00 | February 2020

Modified on Thu, 16 Oct at 4:24 PM

Payments to Producing Brokers (PB)

This article will explain how INSIGHT allows the user to perform payments to Producing Brokers through the relevant scenarios.

Click here to skip to the following content:

Paying or Refunding a Credit Invoice

Producing Broker Income Payment

Refunding an overpayment/cash on account

Paying or Refunding a Credit Invoice

The Producing Broker deals directly with the client, therefore return premiums will be paid to the Producing Broker rather than to the client.

 QUICK TIP:  
Return premiums can be processed from the Producing Broker's Account Enquiry.

Click the Details button to view step by step instructions.

1. Go to the Producing Broker profile and identify the paid invoice that needes to refunded.

2. Select Menu, then Account Enquiry.

3. Identify the paid invoice and select the plus sign beside it to display the receipt allocated to it. Go to the receipt and the Actions beside it, then select Unapply, Post to Accounts and Yes.

4. Locate the receipt, now by itself and not under an invoice, select Actions beside it, then select Refund - this takes you to the Payments wizard.

5. Confirm that the refund is being paid to the Producing Broker and confirm the amount is correct. Then, complete the wizard as per normal and Post to Accounts.

Producing Broker Income Payment

When a gross amount has been receipted for a Producing Broker transaction, you will pay the PB their income via the Payment wizard.

Click the Details button to view step by step instructions.

1. Select Payments, New Payment, Authorised Rep and Prod. Broker then Next.

2. Choose the Producing Broker/s you wish to pay, then select Next.

3. Complete the wizard as per normal and Post to Accounts.

Refunding an overpayment/cash on account

Click the Details button to view step by step instructions.

1. Go to to Producing Broker profile, then select Menu and Account Enquiry.

2. Locate the cash on account, go to the Actions beside it, and select Refund - this takes you to the Payments wizard.

3. Confirm the refund is being paid to the Producing broker and confirm the refund amount. Then, complete the Payment wizard normally and Post to Accounts.

Something got you stumped? 
Our team is here to help! We know change can be tricky, but we've got your back.

                Contact our support team here and well get back to you shortly

Payments to Producing Brokers (PB) | Version 1.00 | February 2020

Paying or Refunding a Credit Invoice

Click the Details button to view step by step instructions.

Producing Broker Income Payment

Refunding an overpayment/cash on account

Something got you stumped? Our team is here to help! We know change can be tricky, but we've got your back. Contact our support team here and well get back to you shortly

Something got you stumped?
Our team is here to help! We know change can be tricky, but we've got your back.
Contact our support team here and well get back to you shortly