How to Create a Premium-reducing Endorsement
Jack Brown
19 steps
36 seconds
Useascend
You should wait until you have the endorsement invoice to create the endorsement in Ascend
1
Navigate to [https://sandbox.dashboard.useascend.com/programs](https://sandbox.dashboard.useascend.com/programs)
2
Click "Wdreamz 2 Transport LLC"
3
Click "Actions"
4
Click "Endorse"
5
Click the "Reduce premium" field.
6
Select the policy you want to endorse
7
Click the "Endorsement identifier*" field.
8
Type the quote number or count up from "001"
9
Click the "Endorsement effective date*" field.
10
Select the effective date of the endorsement
11
Click the "Premium reduction*" field.
12
Type in the reduction of pure premium
13
Click the "Reduction of all other fees*" field.
14
Type in the reduction of any taxes or fees
15
Click the "Unearned commission\*" field.
16
Enter the amount of unearned commission as a result of the endorsement (using the endorsement invoice as your source of truth)
On financed programs you can assume the carrier will send return premium to Ascend (leave the "Return funds" toggle as "Carrier has return premium").
17
Click the "Reason for endorsement" field.
18
Type in the reason for the endorsement (will be shown to your accounting team
19
Click "Create endorsement"
How to Create a Premium-reducing Endorsement
Jack Brown
19 steps
36 seconds
Useascend
You should wait until you have the endorsement invoice to create the endorsement in Ascend
1
Navigate to [https://sandbox.dashboard.useascend.com/programs](https://sandbox.dashboard.useascend.com/programs)
2
Click "Wdreamz 2 Transport LLC"
3
Click "Actions"
4
Click "Endorse"
5
Click the "Reduce premium" field.
6
Select the policy you want to endorse
7
Click the "Endorsement identifier*" field.
8
Type the quote number or count up from "001"
9
Click the "Endorsement effective date*" field.
10
Select the effective date of the endorsement
11
Click the "Premium reduction*" field.
12
Type in the reduction of pure premium
13
Click the "Reduction of all other fees*" field.
14
Type in the reduction of any taxes or fees
15
Click the "Unearned commission\*" field.
16
Enter the amount of unearned commission as a result of the endorsement (using the endorsement invoice as your source of truth)
On financed programs you can assume the carrier will send return premium to Ascend (leave the "Return funds" toggle as "Carrier has return premium").
17
Click the "Reason for endorsement" field.
18
Type in the reason for the endorsement (will be shown to your accounting team
19
Click "Create endorsement"
