CMS (Compensation Management System) by LIDP is the complete solution for agent contracting, licensing, compensation, and reporting. CMS offers support for state licensing, appointments, and state specific rules for license validation, compliance is assured. License renewal processing is aided by automatic generation of notices to the agent and collection of renewal fees.
CMS by LIDP is a robust, complete solution for managing agent contracting, licensing, compensation, and reporting. Built on the JEE platform allows for the scalability, stability, and portability insurers desire in the digital world.
Features include:
· Multiple sets of contact information · Addresses · Phone numbers · Email addresses · Unlimited hierarchy · Multiple open contracts · Multiple channels · Dynamic hierarchy · Tax rules · Notes system · Agent specific notepad · Message priority feature
· State license · Appointments · State and company specific rules · License renewal · 1st and 2nd renewal notices · Renewal fees · Continuing education requirements · Validation
· Table driven · Contract · Plan · Duration · Issue age · Source system · Percent of premium · Percent of face · Percent of writing agent commission · Carve out options · Contest period rate specials · Pre-calculated feeds · Service fees
· Training allowance · Expense allowance · Trail commissions · Bonus · Table driven · Accumulate points · Multiple thresholds/rates · Catch up
· On submit · On premium · Anticipated premium · Any factor on annual commission · Increasing percent · Multiple levels of caps · Multiple years to earn back · Policy level detail and balancing · Recovery · Advance fee · Interest on unearned balance
· User defined rules · Vest until date or duration · Collection fees · Revert commissions
· Online views · Statement · Balance · Annualization details · Statement · Earnings reports · Minimum · By state · Gross · 1099-MISC forms and e-filing · Clearinghouse · Report scheduler
· Multiple statement frequencies · Financial assignment · Deductions · Adjustments · Hold options · Third-party payee · Check writing · EFT · Salary options · Deferred compensation · Loans with auto-repay
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