- Direct Bill Premiums - The carrier will invoice all premiums
directly to your client. In some circumstances you will be required
to send in the down payment prior to binding and the carrier
will invoice all installments. Our Underwriter will specify
the proper prcedure when providing your agency with a quote.
- Agency Bill Premiums - Some of our carriers allow agency bill
policies. Upon binding you should specify if you would like
Caitlin-Morgan to invoice your agency or the insured. Per the
terms of our brokerage agreement your agency is responsible
for any uncollected earned premium, excluding audits. We will
abide by state required cancellation provisions for past due
accounts.
- Commission Payment Procedures - Your agency's commission amounts
vary from carrier to carrier. Your Underwriter will specify
the commission % for any given account upon providing you with
a quote. We will make commission payments to your agency in
the month following receipt from the carrier. Sometimes this
can take up to 90 days, however we strive to get commission
payments out as quick as possible.
