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Accounting

Big Sky Underwriters - Accounting

Payments to Big Sky

AGENCY BILLED payments should be sent to:

Big Sky Underwriters
PO Box 3567
Missoula, MT 59806

DIRECT BILL payments need to be sent with your invoice directly to the carrier.

Do NOT send payments to Ft. Lauderdale, FL.

Agency billed invoices are due the 20th of the month following the transaction.
Audits are due 30 days from the invoice date.
Brokered policies must be paid at bind.
Direct Bill policies are due as indicated by the billing notice.

For AGENCY BILL invoices or statements, please contact Kim Masella, Accounts Receivable: kim@bsumt.com

Please contact your underwriter or their assistant directly. The underwriting department creates all invoices.

For AGENCY BILL invoices or statements, please contact Kim Masella, Accounts Receivable: kim@bsumt.com

Refunds and Commission Payments

Agencies with a net credit balance on their statement at the end of a month will automatically be issued a check on the 20th of the following month. Big Sky Underwriters does not return funds on an individual policy basis. If there is net due to Big Sky Underwriters, no check will be sent.

Direct bill commission checks are sent with your agency billed statement on the first of each month. All commissions received from the carrier during the previous month are forwarded to you at that time. However, if there is an outstanding agency billed balance due, no direct bill commission check will be issued until the delinquent items are cleared.

Cancellations

No, state statutes dictate the number of days prior to cancellation notice must be mailed. Notice is sent in a timely manner to protect against non-payment. If payment is received prior to cancellation, Big Sky Underwriters will consider rescinding the cancellation.

Yes, the net return is sent directly to the Premium Finance Company. Your unearned commission due back to Big Sky Underwriters is therefore retained at that time for return to the carrier.

The funds are returned to the Premium Finance Company as soon as the cancellation endorsement is invoiced. A copy of the invoice accompanies the check.

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