Premium Billing Schedule

Direct Bill Payment

ClearPath Mutual offers several direct bill payment plans for our policyholders' convenience:

1-Pay - 1 annual payment equal to 100% of the estimated annual premium. Minimum premium required for the 1-Pay payment plan is $500.

2-Pay - 2 payments, each equal to 50% of the estimated annual premium. Minimum premium required for the 2-Pay payment plan is $500.

4-Pay - 4 payments, each equal to 25% of the estimated annual premium. Minimum premium required for the 4-Pay payment plan is $1,000.

10-Pay - 25% of the estimated annual premium down and then 9 equal payments totaling the other 75% of the estimated annual premium. Minimum premium required for the 10-Pay payment plan is $1,000.

12-Pay - 12 payments, each equal to a twelfth of the estimated annual premium. Minimum premium required for the 12-Pay payment plan is $5,000.

Monthly Self-Reporting - ClearPath Mutual also offers a monthly self-reporting option, which is of particular interest to policyholders who have greatly fluctuating payroll figures. By self-reporting, the policyholder is paying higher premium when there is a higher number of employees on payroll, which is also presumably when the company is experiencing greater revenues, and the premium is lower during the months of the year when payroll figures are lower. With the self-reporting option, a deposit is not required.

With all ClearPath Mutual payment plans, the billing statements are sent 30 days in advance of the due date.