The premium finance agreement must be dated and signed by both the insured and agent and returned by mail, fax or email to the underwriter at Roush Insurance Services, Inc. Policies with fully earned premiums are not eligible for premium financing.Īgents should request premium financing when submitting a risk for quotation or requesting a binder. Payments can be made by coupon, invoice or recurring ACH. Other contract terms include semi-annual, quarterly, bi-monthly and monthly payments down payment percentages and number of payments vary. A typical premium finance agreement for an annual policy requires a minimum down payment of 25% of the premium and taxes and 100% of fully earned fees with 9 installments. Flexible payment options are available for both commercial lines and personal lines risks. We are pleased to offer premium financing with Imperial PFS for risks bound through our agency.
