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- Mon Apr 09, 2007 4:13 pm
- Forum: Opinions
- Topic: CHARGE BACKS FOR UNCOLLECTED PREMIUM
- Replies: 4
- Views: 6932
CHARGE BACKS FOR UNCOLLECTED PREMIUM
Senerio: 1099 producer has contract with agency for 50/50 split for new business and 60/40 split for renewals. (40 TO AGENT) Agency/csr's create additional premium endorsement for commercial auto policy...additional premium is not paid by insured nor collected by agency...at renewal insured refuses ...