Billing Terms

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Across
  1. 3. Amount of money due in exchange for the financial processing of a policy. The amount is not included in total policy premium but is included in the total amount due.
  2. 5. A nine digit number used to identify a financial institution in a transaction. (Will always start with 0-3)
  3. 6. Best Department at Acuity! :)
  4. 7. party(ies) covered by an insurance policy.
  5. 8. termination of a policy due to failure to pay the required renewal premium.
  6. 10. The means of processing a payment via checking or savings account.
  7. 12. A billing method where the policyholder, mortgagee, or a third party is billed for the total amount due of a billing account.
  8. 13. - Program to process incoming work received through email and fax
Down
  1. 1. - mainframe screen you use to access and process commercial diaires
  2. 2. person who identifies, examines and classifies the degree of risk represented by a proposed insured in order to determine whether or not coverage should be provided and, if so, at what rate.
  3. 4. Online program used to confirm and accept or reject incoming bank payments
  4. 7. an economic device transferring risk from an individual to a company and reducing the uncertainty of risk via pooling
  5. 9. - mainframe screen you use to access policies in collections
  6. 11. a written contract ratifying the legality of an insurance agreement.