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Underwriting Bulletin 12
August 25, 2008
DIRECT DEPOSIT OF COMMISSION CHECK NOW REQUIRED
Setting up direct deposit of your Universal
North America commission payment is easy and
now required
.
With your assistance, our goal is to phase out the issuance of paper commission checks by 2009. Cut down on the amount of mail coming into your office and eliminate the hassle of depositing your commission check!
To set-up direct deposit and receive your commission statement via email daily:
·
Complete our
Electronic Commission Authorization Form
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Attach a voided check or copy of a check (no deposit slips)
·
Mail the completed form and voided check to:
Universal North America
P.O. Box 901036
Fort Worth, TX76101-2036
·
OR you can scan and email your Electronic Commission Authorization Form & Voided Check to UICAcct.ibs@cgi.com
Please return this paperwork to our office by September 1, so that you can begin receiving your commission check electronically in October. If you have questions, please refer to the Commission FAQ below or contact your Area Representative.
COMMISSION FAQ
Q. When are commissions paid?
A.
Although most agency contracts state commissions are to be paid no later than 30 days after month end, electronic checks are initiated by the 5th day of the month.
Q.
Why are there different commissions for different policies?
A.
Commission amounts vary by County and Line of Business (DP business has a flat commission rate, HO varies by County). Please see your Agency Contract Schedule A for reference.
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