PBT Terms
This will hold everything for the customer. In future state this can even house personal and business policies. This will be internal only.
What is Customer Account Number?
The customer’s billing account number. Policies under the same invoice stream will have the same payment type, producer code, due date, etc.
What is Invoice Stream?
The customer needs to take action to pay the bill.
What is Responsive?
No action required by the customer to pay the bill.
What is Non-Responsive
The pending cancellation of an insurance policy due to the policy holder's failure to pay the premium.
What is Delinquency?