Disbursement Services

Example Definitions of "Disbursement Services"
Disbursement Services. May include, but is not limited to, the following: receiving, processing, validating and paying disbursement requests in a mutually agreed upon manner; providing appropriate check stock; providing a toll-free telephone number to validate mutually agreed upon disbursement information; maintaining mutually agreed upon detailed books and records; providing the ability to process international drafts and cables and certified and cashier checks; issuing void, stop payment and reissue of disbursement... requests; providing services related to unclaimed property; providing for emergency policy servicing operations to establish an emergency customer service to issue immediate policyholder payments to remote sites (i.e., earthquake, tornado); and maintaining a disbursement service disaster recovery program. View More
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