Configuring a Billing Type when Building a Bond

Overview of Configuring a Billing Type when Building a Bond

When building a bond, users must set the basic configuration properties that will establish premium calculation, expiration, billing, and bond specific settings.

Select Build a Bond/Configure and selected the Term tab (highlighted below).

If Select Template is chosen, a menu will be displayed. Select the template desired.

The billing type functionality allows users to select their choice of billing type for new bond purchase and/or renewal based on the bond configuration and, if applicable, the agency configuration. Select Agency Default or Bond Specific from the dropdown displayed.

When the Agency Default option is selected, the billing options displayed to the end-user at the end of the Buy a Bond process will be derived from the agency configuration as opposed to the bond configuration. Please refer to the Creating and Editing an Agency guide for more information. When this option is selected, no additional items for configuring billing options are displayed.

Bond Specific should be selected to indicate that the billing options presented to the end-user at the end of the Buy a Bond process should be derived from the bond configuration, regardless of how the agency is configured. When the Bond Specific option is selected, the available billing type options will be displayed.
Use the radio button to select the default or preferred method. If multiple billing options are allowed, the single option indicated with the radio button will be the choice that appears pre-selected by default in the dropdown as a convenience to the end user.
Use the checkboxes to select all options to be allowed for this bond configuration. All the options selected from the checkboxes will appear in a dropdown on the Purchase Quote screen as the final step of Buy a Bond.