| Title: | SINGLE ENTRY BOND PRODUCER ACCOUNT NUMBER |
|---|---|
| Date: | 1998-10-21 |
| To: | abi |
| Links: | previous, next |
ADMINISTRATIVE MESSAGE 98-0920, DATED OCTOBER 15, 1998, PROVIDED THE
PROGRAMMING SPECIFICATIONS FOR THE NEW SINGLE ENTRY BOND AMOUNT AND
PRODUCER ACCOUNT NUMBER FIELDS THAT WILL BE REQUIRED FOR ABI ENTRY SUMMARY
TRANSMISSIONS ON OR AFTER JANUARY 1, 1999. THESE ELEMENTS WILL BE
REQUIRED FOR SUMMARIES UTILIZING SINGLE ENTRY (BOND CODE '9') BONDS.
QUESTIONS HAVE ARISEN AS TO WHAT EXACTLY THE BOND PRODUCER ACCOUNT NUMBER
REPRESENTS. FOLLOWING IS A DECSRIPTION OF THIS ELEMENT:
THE SURETY PRODUCER ACCOUNT NUMBER IS A UNIQUE IDENTIFIER THAT IDENTIFIES
A PARTICULAR OFFICE OF A BROKER OR IMPORTER (ENTRY FILER) TO A SURETY OR
THE SURETY'S AGENT REPRESENTATIVE. IT IS NEEDED PARTICULARLY TO
DIFFERENTIATE WHEN A FILER HAS MULTIPLE OFFICES AND USES MORE THAN ONE
SURETY/AGENT OR SURETY/AGENT'S OFFICE. WHEN THE SURETY/AGENT SENDS A
BILL OR INVOICE TO A FILER'S OFFICE, THIS IS THE ACCOUNT NUMBER ON THAT
DOCUMENT. THIS NUMBER IS TYPICALLY PRINTED ON EACH SINGLE TRANSACTION
BOND BY THE FILER'S SYSTEM PRINTER, OR MANUALLY TYPED ON THE BOND.
THE PRODUCER ACCOUNT NUMBER IS NOT, REPEAT NOT, THE ACTUAL BOND NUMBER
OR SERIAL NUMBER THAT APPEARS ON THE BOND FORM.
IF A FILER IS UNSURE AS TO WHAT THEIR PRODUCER ACCOUNT NUMBER IS, THEY
SHOULD CONTACT THE SURETY COMPANY FOR THAT INFORMATION.
CSMS #98-001066