Processing client payments writing to others to obtain or explain information selling insurance policies:
✔ Processing client payments
✔ Writing to others to obtain or explain information
✔ Selling insurance policies to customers
✔ Decreasing value of policies when risk is substandard (not good enough)
✔ Declining excessive risks or applications
✔ Meeting with clients to discuss insurance policies
What is payment?
A payment is made when one party (such as an person or business) voluntarily offers money, its equivalent, or other valuables to another in exchange for services rendered, goods received, or the satisfaction of a legal obligation. The payee is the party receiving the payment, whereas the payer is typically referred to as the party making the payment. Though typically laws require this same payer to accept the nation's legal tender up to the a prescribed limit, generally the payee is free to choose the method of payment he and she will accept. Unless the parties specifically agree otherwise, payments are typically made in the payee's local currency.
To learn more about payment
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