Creating a New Program for Assigned Risk policies in Ascend Dashboard
Jack Brown
7 steps
24 seconds
Useascend
Ascend is able to finance assigned risk policies as long as they are agency bill. If a policy is switched to direct bill at renewal, they are not financeable.
1
Navigate to [https://dashboard.useascend.com/](https://sandbox.dashboard.useascend.com/programs)
2
Create a New Program as normal.
Here's a guide for [Creating a New Program in Ascend](https://scribehow.com/shared/Creating_a_New_Program_in_Ascend__Vt1JDWwWQsq_qfUi70EbjA?referrer=workspace).
3
Select the carrier that is on the quote for the policy.
4
Ensure the commission field is set to zero.
5
Once the program is created, send the payment link to the insured.
6
Send the carrier payment link to [support@useascend.com](mailto:support@useascend.com) so we can make the payment on behalf of the agency.
Please note we are only able to make the payment once the insured's funds have been received. If you want your insured's payment to clear same day, you can select "Edit Methods" in the transactions table to disable ACH / enable Wire.
7
Once a carrier has been assigned, follow up with[support@useascend.com](mailto:support@useascend.com)and let them know who the carrier is so that we can update our records.
Processing times for assigned risk programs are different than typical Ascend financed programs: - Please allow approximately 4-5 business days for funding to be paid using the carrier payment link once the insured payment has been received by Ascend. - ACH payments have a processing timeline of 3-5 business days before Ascend receives the insured's down payment funds. Please keep these funding times in mind and factor them into the timeline as they could extend the policy bind date.
Creating a New Program for Assigned Risk policies in Ascend Dashboard
Jack Brown
7 steps
24 seconds
Useascend
Ascend is able to finance assigned risk policies as long as they are agency bill. If a policy is switched to direct bill at renewal, they are not financeable.
1
Navigate to [https://dashboard.useascend.com/](https://sandbox.dashboard.useascend.com/programs)
2
Create a New Program as normal.
Here's a guide for [Creating a New Program in Ascend](https://scribehow.com/shared/Creating_a_New_Program_in_Ascend__Vt1JDWwWQsq_qfUi70EbjA?referrer=workspace).
3
Select the carrier that is on the quote for the policy.
4
Ensure the commission field is set to zero.
5
Once the program is created, send the payment link to the insured.
6
Send the carrier payment link to [support@useascend.com](mailto:support@useascend.com) so we can make the payment on behalf of the agency.
Please note we are only able to make the payment once the insured's funds have been received. If you want your insured's payment to clear same day, you can select "Edit Methods" in the transactions table to disable ACH / enable Wire.
7
Once a carrier has been assigned, follow up with[support@useascend.com](mailto:support@useascend.com)and let them know who the carrier is so that we can update our records.
Processing times for assigned risk programs are different than typical Ascend financed programs: - Please allow approximately 4-5 business days for funding to be paid using the carrier payment link once the insured payment has been received by Ascend. - ACH payments have a processing timeline of 3-5 business days before Ascend receives the insured's down payment funds. Please keep these funding times in mind and factor them into the timeline as they could extend the policy bind date.
