Cancelling an Agency Bill policy involves:
- Processing the policy cancellation
- Creating the cancellation invoice
- Receiving the return payment from the company
- Issuing the return premium check to the client
Although some companies will simply credit the accounts current, this process outlines the company payment when a single return premium invoice amount is issued by the company to the agency.
The same steps outlined can also be used for credit endorsements due to a reduced premium.
Visit the Newton Wiki for additional details
