What Is the TA Service Scope of Work?
TA Service will manage (1) transacted premiums
and endorsements until they are received and deposited in
the trust bank account, (2) agency commission transfer to
the operating account, (3) company remittance, (4) return
premium credit and refunds. TA Service will manage both agency-bill
and direct-bill accounts. It will also calculate and monitor
agency producer commissions (payable out of the agency operating
account). TA Service produces comprehensive production and
financial reports agency personnel can generate and print
as needed.
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