Who is eligible for an IVANS Commission download?
Agencies that have subscribed to IVANS Direct Bill Commission Statement (DBCS) Service and have an IVANS YID stored at Openly.
Will this delivery mechanism change how I receive my payment?
No, it will not.
Will the frequency of commission delivery change with the IVANS commissions download?
Openly will continue to send commission data monthly.
We currently receive daily policy downloads to our Agency Management System via IVANS. Will that change?
It will not change the daily policy downloads you receive.
Do I need to set up commission delivery to my Agency Management System?
This varies for each Agency Management System. Please contact your system's support desk for assistance.
I use AMS360. What setup steps do I need to take?
- In the Company Tab in Vertafore, under Openly Company, ensure the Inactive box is unchecked.
- In Underwriting Company Setup, the name should show as Rock Ridge Insurance, Short Name OP001, NAIC 11089R, or Transverse Insurance Company, Short Name OP001, NAIC 21075R.
- In the Download Addresses section, it should read IBM857OPENLY.
What is Transverse's NAIC Code?
Transverse's NAIC Code is 21075.
What is Rock Ridge's NAIC Code?
Rock Ridge's NAIC Code is 11089.
Will Openly's commission delivery differ from other carriers?
No, we use the same IVANS process as all IVANS-integrated carriers.
I have IVANS and received the commission download via my Agency Management System. Why did I also receive it via email?
We're offering commissions through both methods so agencies can decide which delivery type works best for them.
I have two versions of the commission data—one via email and one via IVANS. What should I do?
Do not manually load commission data received via email. Doing so will result in duplicate commission transactions.
My commissions don't look correct after using the IVANS download. Who can I contact?
A delivery update wouldn't change Openly's commission calculation. If you have questions about your commissions, contact us at commissions@openly.com.
What common transactions can I expect to see in my IVANS commission download?
NBS for New Business | PCH for Endorsements |
XLC for Cancellations | REI for Reinstatements |
RWL for Renewals | REW for Rewrite |
ADJ for Adjustments |
For more information about policy downloads, please see this article.