Deans & Homer Accounting

Agency and direct bill accounting explained

Accounting

 
Click here to view the accounting of specific policies.

Deans & Homer offers agency bill and direct bill accounting for both standard and surplus lines. Two payment and four payment installment options are available subject to a $4 fee per installment. (No fees apply in Iowa, Kentucky, Maryland, Pennsylvania, or Washington).

Agency Bill

Net premium payment is due 45 days after the end of the month in which the policy takes effect. If the policy is issued after the inception date, the due date is 45 days after the end of the month in which the policy is issued.

View a sample agency bill statement.

Direct Bill

Deans & Homer accepts payments for direct bill policies by check, electronic funds transfer, and credit card. To sign your clients up for electronic funds transfer, please have them fill out our Authorization Agreement and return it to us.

Premium is due on the effective date of the policy or 26 days after the date of issue, whichever is later. The issue date can be found at the bottom of the policy declarations.

Installment payments are due on the date printed on the statement.

Mid-term endorsement premiums are included in the next installment. If the policy is not on installments, a mid-term bill will be generated.

Insureds can send their premium payments to:

Deans & Homer
340 Pine St.
2nd Floor
San Francisco, CA 94104