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Back   Annuity Periodic Compensation (003070X080)

Purpose

The Annuity Periodic Compensation Implementation Guide describes the use of the ANSI ASC X12 Annuity Periodic Compensation (256) transaction set for the following business usages:
  • Provide transaction-based compensation detail
  • Provide asset or gross premium compensation detail at a point in time commission

Primary Trading Partners

Insurers. Distributors (broker dealers, banks, general agencies) of annuity products.

Exceptions/Limitations

The Annuity Periodic Compensation Implementation Guide provides for compensation detail only. Refer to the Annuity Settlement Information Implementation Guide, Guide ID 77, for the implementation of payment information on annuity products.

References

No previous industry implementation guide has been developed for this business usage of the 256.

Coordination

No coordination required at this time with other ANSI ASC X12 Subcommittees.

Additional Information

Registered 11/8/1996 Published 10/1/1998
Transaction Set ID 256 Standard Version 003070
ASC X12 DM# Owning Group X12N