Working with the Payment screen

The Payment screen appears in a submission, policy change, renewal, or rewrite policy transaction.

The Payment screen displays payment information for the policy. You view the Payment screen after quoting but before binding the policy. When integrated with a billing system, PolicyCenter retrieves billing methods, payment methods, and associated installment or reporting plans from the billing system. After you select a payment plan, you can preview payments retrieved from the billing system. This part of the wizard is similar for all lines of business.

You must specify a billing method, a payment plan for the policy, and the amount of deposit collected, if any.

The amount of payment collected by the agent is stored in PolicyCenter. When the policy is bound or issued, PolicyCenter passes the job number and billing information to the billing system. When the payment (from the payment gateway) reaches the billing system, the user can track the payment by job number. In PolicyCenter, the payment appears in the Collected table. The billing system waits for the payment to arrive before starting the delinquency process.

This screen optionally integrates with a billing system through the currently registered billing system plugin. In the default configuration, the StandAloneBillingSystemPlugin provides sample billing system data. In a production system, you can use the plugin that connects to BillingCenter or write your own billing system plugin.

If PolicyCenter is configured as a multicurrency system, the Payment screen displays all amounts in the settlement currency.