Billing and Accounting
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      Endorsements

      Endorsements

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      Endorsements are defined as changes to policy coverages and conditions. Some endorsements result in a change to the Premium while others do not. Depending on the type of billing for the policy, endorsements can generate a number of transactions that are of interest to the agency. These include:

      • Commission
      • Non-commission Revenue (fees & taxes)
      • Receivables (funds to be collected from the insured)
      • Payables (moneys to be sent to the carrier / MGA).
      • Charge-backs are negative commissions resulting from a negative endorsement (cancellations/negative endorsements[return credit]).