Premium is due on the first of the month. A grace period
of 31 days is allowed for the payment of each premium. If we have
not received the overdue premium within the grace period, a fax will be
sent to you notifying you that the account is delinquent.
The following is an outline of the time-table
applicable to premium remittance.
Date (1st Day of the Month)
Ends (31 Days)
Delinquent Account (31 Days)
Notice Sent to the TPA (45th Day)
In the event a case is canceled, a reinstatement application
and instructions for cancellation letter that was sent to the
insured. Please see “Reinstatement Procedures” for
Premium submissions can be submitted with our premium
worksheet or some format that includes the following
information: (Group Name, Month Paid, Counts, Volume)
Please note the following regarding premium
premium fees are standard:
Terminal Liability: $1.50/employee/month
No commissions is payable on fees related to monthly
Premium may be remitted net-of-commission if so desired.
Please refer to the “Commission Payment Procedures” below
for more information.
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