I would like to say thank you to all of you that attended the New Business / Underwriting Lunch and Learn. It was great to meet some of you via video! This week we will be covering the Forms of Payment for New Business applications.  
FORMS OF PAYMENT

Money Order/Cashier’s Check
When this form of payment is received, we suggest providing a cover letter/note to explain the reason this form of payment was submitted. This information is not only helpful to document our file, but required by our Compliance Department. If we have to ask for this documentation, it may delay the approval of your application.

EFT Authorization
If the initial premium (and/or future premiums) is to be drafted using an EFT form, be sure all bank information is completed and the form is signed. Check the appropriate box and amount (if applicable) to be drafted upon receipt of form. Please note, if the applicant would like the draft day to align with the issue date of the policy (when approved), the draft 'date' section can be left blank and will be assigned at issue. The minimum EFT draft amount is $10.00.
Credit Card (CC) Authorization
This mode is currently available to process initial (and future) payments. Draft days available are limited to 1st, 5th, 10th, 15th and 25th. Please note that if this method is selected for a monthly mode, the direct billing calculation is used (not EFT factor). The minimum CC draft amount is $10.00.

Personal Check
Yes, we still see those occasionally. If the application was submitted electronically (fax, email), the original check will need to be forwarded to the Home Office for credit to the application.
FUTURE TOPICS

EFT Mode
When will my policy draft using EFT once issued?

Monthly Direct Billing
When a monthly mode is selected (non-EFT), the minimum billing amount must be $50.00. If the monthly billing amount is less than $50.00, the policy will typically be set up on a quarterly basis until an alternate mode is selected.
Have a great weekend!
Michelle Maffet 
Vice President, Member Services
608-824-6053  
Have questions? We are here to help! 
Please call our Member Services Team at 608-833-1936 or 800-779-1936.