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PREMIUM DEDUCTION Authorization FORM AMERICAN INTERNATIONAL ASSURANCE COMPANY, LIMITED *G150609010202* PT0021015 (01/2009) (06/2009) Pg 1
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How to fill out premium deduction authorisation form

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How to fill out premium deduction authorisation form:

01
Begin by obtaining the premium deduction authorisation form from your insurance provider. This form can usually be downloaded from their website or requested directly from their customer service department.
02
Fill in your personal details accurately and completely. This includes your full name, address, contact information, and any other required information.
03
Provide your insurance policy number and policy details. This will help your insurance provider identify your account and ensure that the deductions are applied correctly.
04
Indicate the premium amount you wish to authorize for deduction. Specify whether this is a one-time deduction or if it will be recurring on a regular basis.
05
If you are authorizing the deduction from a bank account, provide the necessary bank details, including the account number, routing number, and name of the bank.
06
If you are authorizing the deduction from a credit card, provide the credit card number, expiration date, and name on the card.
07
Read through the form thoroughly to ensure all information is accurate and complete. Any errors or missing information could delay or prevent the premium deduction.
08
Sign and date the form at the designated area to confirm your consent for the premium deduction.
09
Once the form is completed, submit it to your insurance provider as instructed. You may need to mail it, fax it, or upload it through their online portal.

Who needs premium deduction authorisation form:

01
Individuals who wish to have their insurance premiums deducted automatically from their bank account or credit card.
02
Employers who offer group insurance plans and want to facilitate premium deductions for their employees.
03
Organizations or institutions that provide insurance benefits to their members or affiliates and require a formal authorization for premium deductions.
Keep in mind that specific requirements for the premium deduction authorisation form may vary depending on the insurance provider and the type of insurance policy. It is always recommended to carefully review the instructions provided by your insurance provider to ensure accurate completion of the form.
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The premium deduction authorization form is a document that allows an employer to deduct insurance premiums from an employee's paycheck.
Employers are required to file the premium deduction authorization form in order to deduct insurance premiums from employee paychecks.
To fill out the premium deduction authorization form, employers should include details such as employee information, insurance plan details, and the amount to be deducted from each paycheck.
The purpose of the premium deduction authorization form is to authorize an employer to deduct insurance premiums from an employee's paycheck.
Employee information, insurance plan details, and the amount to be deducted from each paycheck must be reported on the premium deduction authorization form.
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