Invoicing
The frequency and timing of invoicing (due
on the 25th of every month, for example) is based on the installment
plan of each policy in the account. However, if the account has account-level
charges and no policies in the account, BillingCenter generates an invoice
based on InvoiceDayOfMonth.
If necessary, BillingCenter uses the account defaults to create a monthly
invoice stream. In the base configuration, BillingCenter uses a separate
invoice stream for each policy. BillingCenter links the stream to an
unapplied fund, which can be used for multiple policies. You can choose
to use a new invoice stream on policy renewal.
See also