Carrier — the insurance company that issued the policy and is paying the commission.

Policyholder / Insured — the person or business the policy covers.

Producer — the licensed agent or agency credited for placing the policy. Usually you (or your team).

Writing agent — the producer whose name is bound to the policy contract. Distinct from a servicing agent who handles the account day-to-day.

Broker of record (BOR) — the producer the carrier currently recognizes as authorized on the policy. A BOR change moves future commissions to a new producer.

New business commission — paid on the first term of a brand-new policy.

Renewal commission — paid on subsequent terms of an existing policy. Usually a lower percentage than new business.

Override — a percentage paid on top of a sub-agent's commission to an upline producer or agency.

Bonus / contingent commission — extra commission tied to performance metrics (loss ratio, growth, retention). Paid quarterly or annually.

Trail commission — small ongoing payments for as long as the policy stays active.

Chargeback — a deduction the carrier applies when a policy cancels mid-term. Often a negative line on the next statement.

Reversal — commission rolled back because the original payment was wrong (duplicate, posted to the wrong producer, etc.).

NSF — "non-sufficient funds." The policyholder's payment bounced; the carrier deducts the commission already paid on it.

Cancellation — policy ended before its term. Most cancellations trigger a chargeback proportional to the unearned premium.

Reinstatement — a cancelled policy was restored; commission may be re-paid.

Endorsement — a change to the policy (added vehicle, increased coverage). Usually generates a small commission adjustment.

Premium — what the policyholder pays the carrier for coverage.

Earned premium — the portion of premium the carrier has already provided coverage for.

Commission rate — the percentage of premium paid to the producer.

Commissionable premium — the portion of premium against which the commission rate is applied. Usually excludes taxes and fees.

Net commission — gross commission minus chargebacks and adjustments on a statement.

Effective date — the day coverage starts.

Expiration date — the day the term ends.

Term — the period a policy is in force (usually 6 or 12 months).

In force — the policy is active and currently providing coverage.

Lapse — coverage gap because a premium wasn't paid. Often precedes cancellation.

Declarations page (dec page) — the cover sheet summarizing a policy: insured, coverage limits, premium, effective dates.

Schedule — a per-policy or per-product table inside a multi-page statement.

Statement summary — the header section showing total commission, deductions, and net payment for the statement period.

Carrier code — the carrier's internal identifier for a producer or agency. Sometimes shows up on statements instead of the producer's name.

Personal lines — policies for individuals (auto, homeowners, umbrella).

Commercial lines — policies for businesses (general liability, workers' comp, commercial auto).

Life and health — life insurance, group health, individual health, supplemental products.

Specialty / E&S — excess and surplus lines — policies for risks standard markets won't write.

Stateable terms you'll see across the app

Understand document statuses and what they mean

Tag values automatically with basic rules