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ACCOUNTING
AGENCY BILL
ALL AGENCY BILL TRANSACTIONS ARE SHOWN ON YOUR MONTHLY STATEMENT
DISPLAYING NEW BUSINESS, RENEWALS, ENDORSEMENTS, CANCELLATIONS,
COMMISSIONS, AMOUNTS RECEIVED AND NET AMOUNT DUE. YOUR COMMISSIONS
ARE DISPLAYED PER TRANSACTION AS WELL. ALL PAYMENTS ARE TO BE
PROVIDED BY THE 15TH OF THE MONTH FOLLOWING MONTH DURING WHICH
TRANSACTION OCCURRED. ON ACCOUNTS WHICH HAVE BEEN PREMIUM FINANCED,
DISPURSEMENTS MUST ARRIVE AT CREATIVE BY THE 15TH AND ARE APPLIED
“POLICY SPECIFIC” TO YOUR ACCOUNT WHEN RECEIVED. ALL
POLICIES OVER 30 DAYS IN COURSE OF COLLECTION ARE SUBJECT TO CANCELLATION
FOR NON-PAYMENT. YOUR AGENCY IS RESPONSIBLE FOR ALL AMOUNTS DUE
AND MUST MAINTAIN A GOOD PAYMENT RECORD.
IF YOU HAVE A CREDIT BALANCE DUE TO CANCELLATION CREDITS OR PERHAPS
COMMISSION DUE ON PREMIUM FINANCE FUNDS RECEIVED, WE DISPURSE
THESE FUNDS TO YOUR OFFICE SHORTLY AFTER THE 15TH OF THE MONTH.
TO REDUCE THE NECESSITY FOR UNPRODUCTIVE ADMINISTRATION ACTIVITY
WE STRONGLY RECOMMEND THAT ON NEW AND RENEWAL BUSINESS YOU OBTAIN
EITHER FULL PREMIUM IN ADVANCE OR PROPERLY EXECUTED PREMIUM FINANCE
CONTRACT WITH DOWN PAYMENT BEFORE YOU ORDER THE COVERAGE BOUND.
POLICIES FOR WHICH FULL NET PREMIUM IS NOT RECEIVED ARE SUBJECT
TO CANCELLATION FOR NON-PAYMENT. |
