Max Enterprise 9.5, in in Administrator I have "Duplicate Check List 1" to be Full Name / Company Name. "Duplicate Check List 2" is "Company Name for Individual."

I have "Allow partial match" checked, but I don't think it's relevant.

If I enter a new contact or individual with same name as existing, I get a warning, as desired.

If I enter a new company with same name as existing, I get a warning as desired.

But if I enter an individual with the same company as an existing company, no error is thrown.

Is this how it's supposed to work?