Chapter - 4 : Premium Bordereaux Process
XML Message | <PremiumBordereauxProcess>, <PremiumBordereauxProcessResult> |
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Definition | These messages pass financial report information for a specified time period. The financial report could be related to a premium paid on a policy or commissions paid on a policy. |
Schedule | A client company can send a PremiumBordereauxProcess message to the host when a premium payment is made on a policy. This message could be real time or batch mode. |
On a planned schedule the client may send a PremiumBordereauxProcess message in batch mode per commission statement reporting on commissions paid on active policies. |
Please refer to the ACORD AML schema, the XPath mapping document for Required Fields and the corresponding sample AML files (Appendix B) for modeling and mapping purposes.