| Home
Who We Are
Policy Management
2002
Overview
Environment and Features
Daily Tasks
Monthly Tasks
Quarterly and Annual Tasks
Services
Evaluation and Proposal
Conversion and Training
Continuing Support
Internet Web Site Services
Contact Us
|
|
Monthly
Tasks
At the
close of business each month, the system examines the active data base
to perform monthly tasks:
-
Premium
and Dues Billing - if billing is done from the home office.
-
Termination
Processing - certain action is taken when a policy become
delinquent, when the premium paying period is reached, or when the
coverage termination period occurs.
-
Commissions
- calculates commissions and prints commission statements and
reports.
-
Customized
letters to policyholders (lapse warnings, lapse notifications,
policy status changes, matured endowment options, etc.)
-
Audit
reports (statistical, financial)
-
Exception
reports to branch secretaries
-
Exhibit
of Insurance and Annuities
|
