Insights

Premiums

As a part of our commitment to you, we strive to make our premium submission process as painless as possible. If you have any questions or concerns about the policies outlined below, we are always here to give you the personalized service that you need.

Premium Payment Forms: All premium payments or adjustments must be accompanied by a Premium Submission Form.

Customized worksheets are acceptable if they include the following data:

  • Coverage Period of Payment
  • Census By Coverage Type 
  • Rates By Coverage Type 
  • Commission Rate and Amount Being Deducted (If Applicable)
  • Name and Phone Number of the Person Preparing the Premium Submission Form

Any adjustments must be made within three months of the original payment. The adjustment should be itemized on a separate Premium Submission Form containing all the information required for a regular premium payment.

Due Date: Premiums are due on the first day of the month of coverage. If payments are not made within the coverage month, an Intent to Cancel letter will be sent out. If payment is not made within 45 days of the due date, the account is subject to termination without further notice. Please note that non-payment notices are not required by the policy, and, if issued, are to be construed as a courtesy extended by Underwriting Management Experts.

For more information, contact: Donna Yaun at (267) 519-1900 ext. 704, or via e-mail at Dyaun@umexperts.com

W-9 Forms: Any broker or TPA receiving or withholding commissions must submit a completed W-9 form to UME. Download a copy below.

5500 Information Form: Please click the link below.

emailpremium@umexperts.com