Billing & Premium Application

SHOP billing functions are available via several methods and are flexible enough to quickly implement new requirements as necessitated by the marketplace. General credit card and ACH billing, direct insured paper billing, direct mortgage impound billing, third-party list billing, direct financial institution credit card and ACH billing, and premium finance company billing are some of the billing methods currently being performed.

All of these billing processes are performed in a single program. Billing methods are determined at the insured level with the output being as required by each entity.

Premium application at the individual insured level is performed. ACH and credit card premium application is performed in conjunction with the billing function. Reversing entries involving ACH and credit card rejects, including reject reasons, are programmatically loaded back to the insured billing/payment records. Insured correspondence is automatically generated based on the specific reject codes.