Overview
Contract Status is a field for tracking an Agent’s relationship with your agency. This status will help you know when to notify the agent after their contract has been approved. Examples of Contract Statuses include “In Force”, “Released”, “Vested”, “Terminated”, and “Pending”. You can modify Contract Statuses at the account level in Settings > Servicing > Data & Custom Fields.
You must belong to a Security Group with the “Data & Custom Fields” Administrative permission to add, edit, or remove Contract Statuses.
IN THIS ARTICLE
Additional settings for Contract Statuses
Contract Statuses are primarily used in Agent records and have an additional mass update setting.
| Additional setting | Description |
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Mass Update |
You can mass update all records with one option to another. This cannot be undone, so make sure to double-check before you make the update. You can mass update all records with one option to another. This cannot be undone, so make sure to double-check before you make the update. Example: Updating all Agents with the Contract Status of "Pending" to "In Force". All Agent contracts with the status of "Pending" will be updated to “In Force".
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