Producers

Producer is a generic term for a third party who connects people and businesses seeking insurance with insurance companies. Producers often work with multiple insurers and know which one is best for applicant's needs.

There are several data model entities that track the fundamental information for producers:

  • Organization: Represents a business entity. Most organizations in an instance of PolicyCenter are producers.
  • Producer code: A unique alphanumeric id assigned to a producer. Producer codes are also assigned to policies to identify the producer associated with the policy.
  • Commission plan: Defines the commission rate on which to base producer fees.

For more information on organizations, producer codes, and commission plans in PolicyCenter, see the Application Guide.