commercial and BOP

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insurer123
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Joined: Mon Nov 03, 2008 1:54 pm

commercial and BOP

Post by insurer123 »

can an insured pay commercial and BOPS month to month or would they have to finance the yearly premium?
InsMgmt
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Posts: 69
Joined: Mon Aug 25, 2008 12:50 pm

Re: commercial and BOP

Post by InsMgmt »

Depends on the carrier's premium payment options. Typically, yes, premium can be paid using a semi-annual, quarterly, or monthly payment mode. Some carriers have minimum premium requirements for other than annual payment.
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