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by K95ROCK2035
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 ...