5 Questions
Which department is responsible for the monthly collection of all policy premium income?
The Billing Department
Who is the payer in an insurance policy?
The bank account holder
What factors heavily impact the billing or premium collection space?
The South African economy
What is the Date of Commencement (DOC) in an insurance policy?
The date the policy becomes active
What is the main focus of the Billings Department?
Collecting policy premium income
Test your knowledge of client billing in the insurance industry. This quiz covers topics such as premium collection, information technology systems, and relationships with banks and third party service providers.
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