What is TA Management Service?

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mclureins
Insurance Journal Addict
Posts: 61
Joined: Wed Jul 29, 2009 2:30 pm

What is TA Management Service?

Post by mclureins »

TA (Trust Account) Solvency Management service is similar to the payroll ADP service. Insurance agencies close premium sales, the TA service provider manages premiums until they are fully received and disbursed. TA service is fully automated and delivered by certified professionals. Its benefits to insurance agencies are significant.

We are managing millions of dollars that do not belong to us. They belong to the carrier yet we are obligated to be solvent in our books.

Does anyone out there have any reasons why they wouldn't turn their production management over to a company for a fraction of the price it currently cost?
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