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MONTHLY PREAUTHORIZED PAYMENT PLAN
Personal Lines
How does the monthly plan work?
The automatic withdrawals are collected in equal monthly amounts during the policy term. The first scheduled withdrawal
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What is monthly pre-authorized payment plan?
Monthly pre-authorized payment plan is a payment arrangement where funds are automatically withdrawn from a bank account on a monthly basis to pay bills or make payments.
Who is required to file monthly pre-authorized payment plan?
Individuals or businesses who want to automate their monthly payments can choose to set up a pre-authorized payment plan.
How to fill out monthly pre-authorized payment plan?
To set up a monthly pre-authorized payment plan, you will need to provide your bank account information, the amount to be withdrawn each month, and the payment schedule.
What is the purpose of monthly pre-authorized payment plan?
The purpose of a monthly pre-authorized payment plan is to simplify bill payments, ensure payments are made on time, and avoid late fees.
What information must be reported on monthly pre-authorized payment plan?
The monthly pre-authorized payment plan should include the amount to be withdrawn, the payment frequency, bank account information, and contact details.
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