Contract Holder: Principal Owner Setup

Editing Principal Owner information requires an American Modern Licensing & Contracts or Sales Support Profile Administrator security profile.

When setting up a Contract Holder business, the Principal Owner Setup page provides a place for you to enter the initial information that identifies the business's Principal Owner during a setup. After you enter the initial information and click Next, the system performs a search to check if the Principal Owner already exists. If a Principal Owner is found that possibly matches, you can select the Principal Owner from the Possible Match list or click Add As New to add the Principal Owner as a new entity A business or person defined in the modernLINK Agency Management System. Entities include Contract Holders, Sub-Producing Organizations, Licensed Producers and Processors. . Principal Owners are subject to credit and criminal background checks as part of the setup process.

To enter Principal Owner information:

1. Complete the Add New Principal Owner section.

Principal Owner setup fields include:

Field	Description
First Name	Individual's first name.
Last Name	Individual's last name.
Name Suffix	Individual's name suffix.
Social Security Number	Individual's social security number.
Date of Birth	Individual's date of birth.
Attention / Care of	Special handling instructions.
Office Mailing Address	Individual's mailing street address. A Home Address is required on the Client Information page for credit and background checks.
(Apt., Suite, etc.)	Individual's suite number or additional address info.
City	Individual's mailing address city.
State/Province	Individual's mailing address state or province.
Zip/Postal Code	Individual's mailing zip code.

2. Click Next.

The system searches for the Principal Owner. If no match is found, you are prompted to search again or add the new Contract Holder. If possible matches are found, they are listed and you can select the matching entry to copy information to the following Client Information page.

3. Click Add As New to continue adding the Principal Owner or select a matching entry to copy the preexisting client information over to the record you are adding.

The Client Information page opens for the Principal Owner.

4. Follow the steps to complete the Principal Owner's Client Information.