If a Pay Plan contains installments, the installments should be added the same time the Pay Plan is established.
To add installments:
On the Billing Pay Plan screen, highlight the Pay Plan the installments are being added to.
Select Add Installment.
When the Add Pay Plan Installment screen displays, make the following entries:
Installment Number: Installment number.
Percent of Total Premium Numeric: Percent of total premium.
Installment Interval (Enter Days): Installment interval (number of days).
Prorated Installment Interval (Descending; enter days): Prorated installment interval.
Service Charge Amount: Dollar amount; entry format 0.00.
Account Service Charge Amount: Policies in an account bill with a pay plan that includes installment fees have a reduced installment fee. The installment fees are then applied to policies on an individual basis.
Choose Save. The Billing Pay Plan screen returns. The installment is displayed in the Pay Plan Installments list view on the right of the screen.
For each remaining installment the Pay Plan contains, repeat the above steps.
When using the "Up" and "Down" arrow keys on the Pay Plan Grid View, the billing installments on the right of the Pay Plan Setup screen are refreshed to show the correct number of installments associated with the current Pay Plan that is highlighted.