June 16, 2022

Commission Statement Updates

WRITTEN BY

At LWCC, we are constantly looking for ways to improve the agent experience based on your feedback. One of these enhancements is LWCC has rolled out a newly designed commission statement for our agent partners. Organized in a much more user-friendly template, the new format provides all of your premium and commission bearing policy transactions for that month with all identifying information within one row. This allows you to quickly identify and easily reconcile your policy transactions, or if your agency management has the capability, facilitate an easy transaction import for your accounting entries.

Check out the following testimonial from one of our agent partners who participated in the new statement testing:

“Invoicing using the old LWCC commission statements used to take me 3 to 4 hours to complete every month. But now with the new design, I can import the transactions into our system in a matter of minutes. I am thankful for LWCC for making this enhancement, and I’m positive lots of other accounting departments will be thankful as well when they see the benefits of this new statement design.”

The new version of the statement is available in Interactive to authorized users for download in an easily printable PDF and downloadable as an excel XLSX file.

Please note we will no longer be mailing paper commission statements. All statement access will be directed to download from LWCC Interactive.

If the person in your agency that handles accounting does not have an account on LWCC Interactive, they can request one by completing the access request section on the direct deposit form.

EFT Payments

Did you know LWCC offers direct deposit commission payments using EFT or ACH? If your agency is still receiving mailed checks and want to receive your commission faster, you can set-up to receive your payments directly into your account!

Download the Direct Deposit of Commission Payment Form Here

Complete the Direct Deposit of Commission Payment form, it signed by the agency principal, attach a voided or canceled check and email to information@lwcc.com to be set up.

Please note this is a special campaign for us to update agency information, processing times can take slightly longer than normal. If you have questions regarding this or other agency relation topics send an email to information@lwcc.com.

No items found.
Share this article

More news

NEWS
June 30, 2022

LWCC Safest 70 Star: LRC Wireless

LWCC’s Safest 70 Awards celebrate policyholders who share our commitment to workplace safety. Our Safest 70 Stars go above and beyond in their safety efforts and lead the way in employee health and wellness.

NEWS
June 30, 2022

LWCC Policyholder Feature: Southside Machine Works

Southside Machine Works believes in taking care of people, and they’ve used their long-standing relationship with LWCC to help them do just that.

NEWS
June 29, 2022

Putting Motion Behind the Movement

The Louisiana Loyal Service Project engaged employees and enhanced our local community, providing traction for a better Baton Rouge through our partnership with Front Yard Bikes.

Frequently asked questions

This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.

How do I register as a policyholder?

This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.

This is a sample question for FAQs, this is a sample question.

This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.

How do I register as a policyholder?

This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.

This is a sample question for FAQs but expanded.

This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.

How do I register as a policyholder?

This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.

This is a sample question for FAQs but expanded.

This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview. This is just sample text serving as a placeholder.This is a sample two line introductory paragraph that serves as an intro on the blog/article preview.