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NOBL Direct Bill Commission
The DB Commission Add-On product helps agencies monitor and control the DB commission payments received from insurance companies. In current practice, DB Commission Statements are reconciled manually, a tedious and time consuming process.
A. Why is NOBL Return Premium Product Needed?
Agencies will use this product to have the DB Commission Statements automatically reconciled and determine if a check amount received from insurance companies is correct.
NOBL reconciles DB Commission Statements against the agency data records and produces a report listing delinquent of wrong commission amounts.
The reconciliation reports will help agencies document errors and request companies to rectify them.
B. What’s Included
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DB Commission Statement Reconciliation Report
C. Management Reports
- DB Commission Statement
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DB Commission Statement Reconciliation
- Outstanding DB Commission
- DB Commission Checks
- Other reports are available
D. How It Works
- Agencies us NOBL to create data records of DB Commission Statements
- These Statements are generally downloaded from the insurance company website. Data entry into the NOBL file system can be automated
- NOBL automatically reconciles a DB Commission Statement with the DB policy commission
- Agency will use Reconciliation report to inform the insurance company of errors, if any
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