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Agency Billing

Original price was: $1,800.00.Current price is: $1,500.00.

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Frequently Asked Questions

FAQ 05

The process begins by understanding the task, required documentation, workflow expectations, and the procedures your agency would like our team to follow.

The service workflow can be structured around your existing procedures, documentation requirements, internal instructions, and preferred way of completing each task.

Requirements depend on the service. Relevant policy, billing, client, carrier, application, or supporting documentation may be needed so the requested task can be processed correctly.

A defined workflow helps keep task requirements, documentation, processing steps, and completion standards consistent with the procedures established for your agency.

The working arrangement can be adjusted around different operational needs and processing volumes as your agency's workload changes.

Agency Billing

Agency Billing

Average Time
12-15 minutes
Required Materials
Payment receipt; Invoice; Premium Finance Agreements (if applicable).
Description

Handling policies on an agency-billed basis requires meticulous financial oversight. In these instances, DaDa Services takes full responsibility for managing the entire premium collection lifecycle. This includes precise accounting procedures to ensure funds are accurately tracked, recorded, and reconciled before being dispersed to the appropriate carriers.

Agency Billing

01
STEP 01
Receive the initial billing request alongside the client's payment receipt directly from the agent.
02
STEP 02
Carefully cross-reference the provided payment receipt against the original invoice generated by the agency to verify exact amounts and prevent discrepancies.
03
STEP 03
Log the collected premium—whether it represents a partial down payment or a complete full-pay—securely into the agency management system.
04
STEP 04
Prepare and stage the net premium amount for timely remittance to the respective insurance carrier, while simultaneously calculating and recording the agency's retained commission.
05
STEP 05
Promptly notify the agent once the entire transaction has been successfully processed and closed.
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