Policies in PolicyCenter and billing system

Policies exist in both PolicyCenter and the billing system. A policy is associated with an account.

If you want to share a policy between PolicyCenter and the billing system, you must create the policy in PolicyCenter.

Alternate billing accounts

In PolicyCenter, you can specify an alternate billing account for a policy. This account can be another account or a subaccount retrieved from the billing system. For example:

Subaccount – A company has one subaccount for paying workers’ compensation policies, and another subaccount for paying commercial auto premiums. The company can easily see how much they spend for each type of policy.
An arbitrary account – An agent starts a personal auto submission for a young adult. The policy is in the parent’s account. However, the young adult’s uncle wants to pay for the policy. The agent sets the uncle’s account as the alternate billing account. The uncle’s account is not a subaccount of the parent’s account.

Invoice stream for a policy

For a given policy, PolicyCenter displays the invoice streams for the currently selected account or subaccount. You can only select an invoice stream that matches the currently selected installment plan. For example, if you have selected a monthly installment plan, you can only select monthly invoice streams.