NettingAllowedInd

Description
Netting Allowed Indicator

Type : OLI_LU_BOOLEAN
DescriptionNameValue
FalseOLI_BOOL_FALSE0
TrueOLI_BOOL_TRUE1

Definition
Reflects if the Carrier will accept net commissions. A "net" commission transaction (also known as retained commissions) is one where the producer retains the commission they've calculated from the amount of premium submitted to the carrier. Commissions may be netted if every instance/usage of NettingAllowedInd applicable to the product, distribution agreement and producer is True. If one instance is False, commissions may not be netted for that transaction. There must also be at least one True Indicator.

Parents
CommRemittance DistributionAgreement DistributionAgreementInfo PolicyProductInfo