Trust Account Management Services

• In addition to Receivables & Bank Deposits and Commission Income Management the Trust Account Management Service includes:

  • Company Payables (Remittance) Management
  • Return Premium Credit & refunds
  • Personal Funds
  • Financial Solvency Management & Reporting

  Click here to view the Trust Account Service chart.

  Salient features:

  • All listed under the previous two Services
  • Co. Statement reconciliation
  • Manage statement disputed premium items
  • Generate remittance vouchers
  • Generate premium refund vouchers
  • Manage return premium offsets
  • Manage return premium credit
  • Provide financial reports for each policy and each carrier
  • Financial reports include:
  • Separate Balance Sheet
  • Premium Float Statement
  • Solvency Analysis
  • Statement of Trust Funds Beneficiaries
  • Audit Trails

  Premium remittance and return premium refund checks are written by the agency personnel.