User Tools
completing_the_pac_form
Differences
This shows you the differences between two versions of the page.
| Both sides previous revision Previous revision | Next revision Both sides next revision | ||
|
completing_the_pac_form [2017/04/21 07:45] bturner |
completing_the_pac_form [2019/12/16 12:52] bturner |
||
|---|---|---|---|
| Line 17: | Line 17: | ||
| If this second box is checked, the first premium will be drafted from the client’s account upon underwriter approval for cases that are “approved as applied for.” The effective date will also be set up on this same day that the first premium is drafted. | If this second box is checked, the first premium will be drafted from the client’s account upon underwriter approval for cases that are “approved as applied for.” The effective date will also be set up on this same day that the first premium is drafted. | ||
| - | If this second box is not checked, FGL will not be authorized to draft the initial premium and the company will be expecting a paper check, 1035 transfer or revised PAC form in order to pay the first premium. | + | If this second box is not checked, F&G will not be authorized to draft the initial premium and the company will be expecting a paper check, 1035 transfer or revised PAC form in order to pay the first premium. |
| **__STEP 3__**: | **__STEP 3__**: | ||
| Line 25: | Line 25: | ||
| [{{:step-3.jpg|}}] | [{{:step-3.jpg|}}] | ||
| - | If all three boxes are checked, and a date is indicated, the first premium will be drafted from the client’s account on or around the date specified. This will also be the effective date. The policy will not be made active and moved to an “issue paid” status until this date. This could mean a delay in issuing the business after approval as we will be waiting for the date indicated. | + | If all three boxes are checked, and the date is indicated, the first premium will be drafted from the client’s account on or around the date specified. This will also be the effective date. The policy will not be made active and moved to an “issue paid” status until this date. This could mean a delay in issuing the business after approval as we will be waiting for the date indicated. |
| **Please Note:** | **Please Note:** | ||
completing_the_pac_form.txt · Last modified: 2022/08/22 08:25 by bturner
Page Tools
