Charges and charge patterns

Every account typically has one or more policies.

When BillingCenter receives information about a policy, it typically comes with billing requirements for that policy. These billing requirements are stored in BillingCenter as charges.

A charge is a cost related to either a policy period or an account that must be processed and tracked as an individual unit. For example, a Personal Auto policy could have three charges:

• A $1200 charge for the premium
• A $53 charge for taxes
• A $10 charge for an installment fee

BillingCenter categorize charges using charge patterns. The role of a charge pattern is to identify the charge type and how BillingCenter handles charges of this type.

This section discusses how to manage charge patterns through Cloud API.