System and method for performance evaluation
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United States of America Patent
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N/A
Issued Date -
Jun 18, 2009
app pub date -
Dec 13, 2007
filing date -
Dec 13, 2007
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system for determining a compensation rate is disclosed that includes a database for storing insurance policy data attributed with the seller of insurance and a processor. The processor is configured to retrieve, from the database, insurance policy data for a first period of time, wherein the first period of time is substantially less than one year in length. The processor is also configured to, based on the retrieved insurance policy data, derive a partial year compensation rate for the seller of insurance to apply to a second period of time. The second period of time is substantially less than one year in length and the first period of time ends prior to beginning of the second period of time. The processor also derives a partial year compensation rate to apply to revenue attributed to the seller of insurance during the second period.
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