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Building Trust in Insurance Trust Accounting

Is TA Service Similar to the Payroll Service?

19 Jan 2016

Is TA Service Similar to the Payroll Service?

TA Service is very similar to the ADP payroll service. Agencies provide source documents of policy transactions and endorsements, payments, audits, company statements, etc; TA Service creates data and accounting records and manages the trust account process until all transacted premiums and endorsements are received and disbursed to their legal owners. TA Service has a higher degree of complexity than the payroll service.

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