Policy Billing Statement Reconciliation
At the beginning of each month, you will be sent a Monthly Statement of Account.
UPON RECEIPT OF THIS STATEMENT, PLEASE COMPARE IT WITH YOUR RECORDS AND MAKE SURE EACH ENTRY AGREES WITH YOUR RECORDS. IF THERE ARE ANY DISCREPANCIES, OR IF YOU HAVE ANY QUESTIONS, IMMEDIATELY CALL THE SOUTHWEST AREA OFFICE (800-442-4303).
Your statement consists of the following:
Summary of Activity
This report reflects premiums owing to each underwriter from policies you reported and payments we received during the previous month, plus the current balance you owe.
New Premium Charges
This report lists all policies that you reported during the previous month, including your file number, the amount of insurance, the premiums you reported, the premium rate code you reported and the division of premium as per your contract.
Payments Applied to the Account
This report reflects all payments received from you during the previous month.
Previously Billed Adjustments
This report reflects all corrections made to previously billed policies. THIS PAGE IS NOT GENERATED IF THERE ARE NO ADJUSTMENTS.
