Overview
When the auto-distribute-grouped-policy-payments setting is enabled, the system allows agents and administrators to automatically apply payments to a Group Billing Number, distributing them across associated policies. This feature simplifies payment management for grouped accounts by ensuring payments are allocated appropriately.
Behavior
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Group Billing Payment Splitting
- Payments applied to a Group Billing Number are automatically split and distributed among the member policies.
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Automatic Allocation
- When a payment amount is specified, the system allocates the payment across policies based on the group billing setup.
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Policy Term Allocation
- Payments are further distributed within individual policies to align with specific policy term balances.
Key Notes
- The auto-distribute-grouped-policy-payments setting must be set to True for this functionality to activate.
- If the setting is disabled, payments will not be automatically distributed and must be manually applied to individual policies.