The Assignment of Commissions is no longer offered with Genworth. For any LOA arrangements, SureLC will designate on Genworth's Hierarchy form (PIF page 9) that the producer is at a ZERO comp level, and place the Producer's Assignee in the hierarchy.
The comp level designation along with the assignee added to the hierarchy section of this PIF page 9 is all you need to designate the producer earning zero compensation. (See example below).
For more information on how to set this up in your schedule settings, please CLICK HERE.
Comments