Policy / Invoice Changes

• Invoice Accounting Changes – Commission rate changes (carrier, MGA, producer and sub-producer) are a perfect example of accounting changes that may be made that do not involve policy premium or fees and therefore do not require an endorsement, cancellation or “re-write” in order to be changed.
  
  
• Invoice Non-accounting Changes – Depending upon underwriting procedures and the LOB, there are non-accounting invoice changes that do not involve dollar values and do not require a policy endorsement.  Such changes may be made through this process and a replacement policy worksheet printed.
  
  
• Policy Changes (non-accounting) – An incorrectly assigned new policy number and/or renewal of policy number may be changed through this process.  This function is usually necessary only on systems where policy numbers are manually assigned.
  
  
• Verification and Indexing Processes – This process allows for the selective recreation of any of the system-level indexes of insureds, policies, invoices, customers, producers or any other cross-reference or index file used for “look-ups” and reporting that may have become damaged or corrupted.