Set up endorsement billing

A setting allows clients to control how billing behaves when a premium-bearing endorsement is performed. Referencing the below documentation, select an option from the When performing a premium-increase endorsement setting in Settings > Modules > Policies > Policy Lifecycle > Billing.

  • If Create an endorsement invoice is selected, BriteCore will create an endorsement invoice even if future invoices exist. The system will create an endorsement invoice and still spread remaining money over future installments.
  • If Spread the premium evenly among future installments, if any is selected, BriteCore will always spread the endorsement premium evenly among future installments. If no future installments exist, an endorsement invoice will be created.