Performance-Based Receivables and Bank Deposits Management Service

• Receivables and Bank Deposits Management Service manages transacted premiums and endorsements until premium payments are deposited in and cleared by the bank. Click here to view the Receivables & Bank Deposits Service chart.

  Salient features:

  • Billing of installments & endorsements
  • Follow up on delinquent payments until they are received
  • Elimination of receivables aging
  • Protection against earned premium liability
  • Billing and tracking of interim audits
  • Tracking of finance premiums
  • Billing of short payments
  • Re-invoice NSF checks
  • Complete reporting of receivables and premium receipts
  • 12 month projections of agency receivables
  • Remotely performed service
  
  All payment checks are received and deposited in the bank by the agency personnel.