If the replacement amount is greater than the contract amount for the new contract, no commissions should be calculated to any agent.
If the replacement amount is less than the contract amount for the new contract, commission is only paid on the difference. If there is a commission due, it should be paid directly to the reserve account (if the agent has one). Currently the commission is calculated and a processor must make manual entries to move from commissions to reserves.
|I need it...||
Yesterday (let's go already)