Initial Business Response / [redacted] (1000, 8, 2015/08/13) */ Please be advised that the insured's policy that was canceled is an "Agency Bill" policyIn an agency-billed policy, the insurance agency, not the insurance company, bills the insured for the policy issued by the insurance companyTherefore, the agent acts as the middleman in the transaction, collecting the premium from the insured and passing it on (less commission) to the insurance companyThis process works in reverse for any return premiumTherefore, the refund due the insured appears on the agency's June statement of accountThe balance on said statement reflects an overall credit due back to the agency, including the insured's return premiumThe balance for the June statement is not due to the agent until August 15, Once the agent receives this payment, the agency will be in a position to return the insured the amount owed him due to his policy's cancellationThank you for your good attention Best Regards, [redacted] , **
Final Consumer Response / [redacted] (2000, 6, 2015/11/30) */ the problem is now taken care of with the insurance company, so there is no need to go any further
Initial Business Response /* (1000, 8, 2015/08/13) */
Please be advised that the insured's policy that was canceled is an "Agency Bill" policy. In an agency-billed policy, the insurance agency, not the insurance company, bills the insured for the policy issued by the insurance company. Therefore,...
the agent acts as the middleman in the transaction, collecting the premium from the insured and passing it on (less commission) to the insurance company. This process works in reverse for any return premium. Therefore, the refund due the insured appears on the agency's June 2015 statement of account. The balance on said statement reflects an overall credit due back to the agency, including the insured's return premium. The balance for the June statement is not due to the agent until August 15, 2015. Once the agent receives this payment, the agency will be in a position to return the insured the amount owed him due to his policy's cancellation. Thank you for your good attention.
Best Regards,
[redacted], **.
Final Consumer Response /* (2000, 6, 2015/11/30) */
the problem is now taken care of with the insurance company, so there is no need to go any further.
Initial Business Response / [redacted] (1000, 8, 2015/08/13) */ Please be advised that the insured's policy that was canceled is an "Agency Bill" policyIn an agency-billed policy, the insurance agency, not the insurance company, bills the insured for the policy issued by the insurance companyTherefore, the agent acts as the middleman in the transaction, collecting the premium from the insured and passing it on (less commission) to the insurance companyThis process works in reverse for any return premiumTherefore, the refund due the insured appears on the agency's June statement of accountThe balance on said statement reflects an overall credit due back to the agency, including the insured's return premiumThe balance for the June statement is not due to the agent until August 15, Once the agent receives this payment, the agency will be in a position to return the insured the amount owed him due to his policy's cancellationThank you for your good attention Best Regards, [redacted] , **
Final Consumer Response / [redacted] (2000, 6, 2015/11/30) */ the problem is now taken care of with the insurance company, so there is no need to go any further
Initial Business Response /* (1000, 8, 2015/08/13) */
Please be advised that the insured's policy that was canceled is an "Agency Bill" policy. In an agency-billed policy, the insurance agency, not the insurance company, bills the insured for the policy issued by the insurance company. Therefore,...
the agent acts as the middleman in the transaction, collecting the premium from the insured and passing it on (less commission) to the insurance company. This process works in reverse for any return premium. Therefore, the refund due the insured appears on the agency's June 2015 statement of account. The balance on said statement reflects an overall credit due back to the agency, including the insured's return premium. The balance for the June statement is not due to the agent until August 15, 2015. Once the agent receives this payment, the agency will be in a position to return the insured the amount owed him due to his policy's cancellation. Thank you for your good attention.
Best Regards,
[redacted], **.
Final Consumer Response /* (2000, 6, 2015/11/30) */
the problem is now taken care of with the insurance company, so there is no need to go any further.