Billing Information

NEW YORK MUTUAL UNDERWRITERS
DIRECT BILL PROGRAM
Effective July 1, 2007
Basic features of our Direct Bill Program include the following:

	6-Pay Plan available for BOTH Commercial and Personal Lines Policies
	9-Pay Plan available for ONLY Commercial Lines Policies
	6-Pay Plan	9-Pay Plan	Billing Cycle	Due Date
	25% down	20% down	of the annual premium is required when coverage is bound	Payment
	15% due	10% due	30 days after the policy effective date	for each
	15% due	10% due	60 days after the policy effective date	bill
	15% due	10% due	90 days after the policy effective date	is due
	15% due	10% due	120 days after the policy effective date	within
	15% due	10% due	150 days after the policy effective date	20 days
		10% due	180 days after the policy effective date	after the
		10% due	210 days after the policy effective date	bill date
		10% due	240 days after the policy effective date

		Fees that might be applicable
		$ 7.00	per each installment billing
		$ 25.00	per each check returned for insufficient funds
		$ 25.00	late payment fee if cancellation for non- payment is issued

		NOTE:	If a 2nd cancellation for non-pay is issued during a policy period, the next bill will require full payment of the remaining premium and all applicable fees.


July 2007