Financial Reporting
General Accounting: Our fully automated general ledger programs provide
complete and detailed breakdowns by line of business. Full monthly
reconciliation of all bank accounts is standard for all CHCS Services clients.
Accounts receivable and accounts payable services, as well as agent balance
tracking, are also provided, as is assistance with all monthly, quarterly and
annual statement processing requirements.
Statutory Reporting: : CHCS Services will produce all monthly, quarterly
and annual reports required for state and federal reporting requirements.
Agent Commissions: Our customized agent commissions payments system can
accommodate up to ten levels of agent hierarchy. Commissions can be paid
weekly, monthly, quarterly or on any other cycle requested by the insurer.
Actuarial Valuation: CHCS Services offers a full range of actuarial
valuation capabilities, including creating policy reserves, conducting claim
lag studies, and developing customized management reporting packages. All
actuarial valuation practices are aligned with the laws in force for the
state(s) requested by the client.
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