Balance Due
PG 340-B01
PG 340-B01
1. A change or correction is made to the policy rating factors or coverages.
2. A partial payment is received for a renewal or new business/reinstatement application.
When does a Balance Due generate ?
Next working day after a pend code is processed to print a notice.
What is a forms release date ?
An enterprise application used by Agency and Operations – including Auto, SFPP, Health, etc.
It has three functions: inquiries, payments, and refunds
What is BOS (billing online system)?
Policy Has Existing Balance Due...
1. A policy issuance entry
2. An 09-7 reissue
3. A nonpolicy issuance/ reissue entry to : change the eff date and money is entered, an account cleared, or a balance due date is entered
When does a 'New Balance Due' Notice Print?
January and July
February and August
March and September
April and October
May and November
June and December
What are X dates?
Ways someone can Search in BOS
What is Locate Bill, Locate Payment, Locate Customer?
Establishes a balance due date of 60 days after the renewal due date.
(minimum of 30 days from the forms release date).
What is a 50/50 payment ?
Renewal notices that print as the result of division input to the system.
Generated by a 111 transaction code
What are irregular Billing?
The amount of time BOS data for Auto is Retained.
What is 13 months?
When an entry results in a balance due, the system places the policy in 03 status, and creates a balance due Aux 21 record.
(at this date) a nonpay cancellation notice is printed and the file is placed in 05 status.
What is a 05 pend code?
X date of May and November 14th
E14
The last day a payment can be made for continuous coverage before TOOF starts
What is Time Out of Force Date?
Error _______, entered corrected due date is printed if a manually entered balance due date is 90 day or more before the current due date.
(or 90-day past expiration)
What is 55F error?
X date of February and August 30th
Fictitious Due Date
**On policies billed with fictitious x-dates, the due date prints as the last actual day of the renewal month.
Policy format : 99-XX-X999-9
How should the policy number be inputted in the BOS system?