Set up billing fees

BriteCore provides a variety of billing fees you can establish and set up for your company. 

Global Fee

The Global Fee, a non-pay fee, is the amount charged when a policy enters non-payment of premium on any invoice unless the Charge $0.00 on Non-Pays For Renewal Invoices setting is enabled. 

Continuation Fee

A continuation fee is an additional amount charged when a policy enters non-payment of premium on any invoice. This fee serves as a way to preemptively bill a reinstatement fee.

Though the Continuation Fee is assessed at the same time as the non-pay fee, it differs in the following ways:

  • The fee is automatically waived at cancellation.
  • The fee is reassessed on reinstatement.

Other fee exceptions

Clients may opt to charge a non-pay and/or continuation fee globally. The Print Renewal Invoice Irrespective of Amount Due setting allows clients to override both fees on renewal invoices only.

To enable the Print Renewal Invoice Irrespective of Amount Due setting:

  1. In the BriteCore menu, select Settings.
  2. In the Settings menu, select Modules, and then select Policies.
  3. On the Policies screen, under Policy Lifecycle, select Edit.
    Note: If you see a Confirm dialog box, select Yes.
  4. On the Policy Lifecycle screen, select Billing, and then select Print Renewal Invoice Irrespective of Amount Due.

NSF Fee

When a payment is marked NSF, the NSF Fee is assessed.

To set the NSF Fee:

  1. In the BriteCore menu, select Settings.
  2. In the Settings menu, select Modules, and then select Policies.
  3. On the Policies screen, under Fees, in the NSF Fee box, type an amount.
  4. At the bottom of the screen, select Save.

Endorsement Invoice Fee

If no future installments exist, or if more premium must be billed to avoid going upside-down on a policy, BriteCore generates an Amended Billing Statement when an increase premium endorsement revision is committed (issued). The Endorsement Invoice Fee can be attached to the invoice independent from the standard installment invoice fee.

To set this Endorsement Invoice Fee:

  1. In the BriteCore menu, select Settings.
  2. In the Settings menu, select Modules, and then select Policies.
  3. On the Policies screen, under Fees, in the Endorsement Invoice Fee box, type an amount.
  4. At the bottom of the screen, select Save.

Equity Invoice Fee

BriteCore recommends you don’t use the Equity Invoice Fee.