Billing Options for Foreign Casualty Producers
New Enhancement: As an alternative to agency billing, ACE Foreign Casualty has introduced a direct-to-client billing feature which streamlines premium collection for your new and renewal International Advantage® Package policies.
Agency Billing - Available for all International Advantage® policies, if producer is appointed with Agency Bill option
Direct Billing - Available for International Advantage® Package policies, if producer is appointed with Agency Bill or expedited Direct Bill option
Accounts Not Eligible for Direct Billing
- Foreign mailing addresses
- Local country admitted policies
- Multi-year terms
- Premium of $1 million or more
Direct Billing Benefits for Clients and Producers
- Expedited billing directly to policy holders
- Instructions to policy holders included with policy about how, when and where to send payments
- Flexible premium payment methods
- Premium payment management by ACE Customer Billing
- Notice of late payment cancellation to client and producer
- No impact to your producer commission rate
- Monthly producer commission statement and check mailed the first week of each month for policies paid in prior month
How to Take Advantage of Direct Billing
- Producer must be appointed with ACE USA, with Agency Bill or expedited Direct Bill option
- Visit producer appointment to learn more about the process
If You Have Expedited Direct Bill Appointment
- Automatic direct bill for eligible new submissions
- In force eligible policies automatically convert to direct bill at renewal (renewal dates effective April 1, 2011)
If You Have Agency Bill Appointment
- Option for direct bill for eligible new and renewal accounts
- Eligible new submissions: indicate direct or agency billing
- In force eligible polices, request direct billing 90 days prior to renewal effective date, beginning with April 1, 2011 renewals.