Premium may be remitted either gross or net of commission, however, the producer must be
appointed by the issuing carrier in the state where the case was sold prior to any commission being released by BRM or withheld by the TPA. All premium checks must be made payable to BRM
Specialty Markets, Inc.
Premium may also be paid via ACH transfer. The following timetable applies to premium remittance:
Premium Due Date: 1st Day of the Month
Grace Period Ends: 31st Day after Due Date
Pre-Cancellation Notice Sent to TPA: 32nd Day after Due Date
Cancellation Notice Sent to TPA & Insured: 45th Day after Due Date