The organization that finances the cost of an insurance premium for an insured is a premium finance company. The insured that uses financing for a premium agrees to repay the premium finance company. You can add a premium finance company in both the Contacts and the Policies modules. To add a premium finance company in the Policies module, see Adding or updating contacts on a policy.
To add a premium finance company, open the desired contact and:
- In the Role section, select Add a Role to open the Role dialog box.
- In the Role dropdown list, select Premium Finance Company.
- Select Done to close the dialog box and return to the Role section.
- Select Save beneath the Role dropdown list. A Save Completed pop-up window will open. No further information is needed.