CFM offers the following payment plans: Annual, Semi-Annual, Quarterly, and Monthly.
There will be a $7.00 fee for each installment billing on the Semi-Annual and Quarterly payment plans. There is a $2.00 fee for each Monthly installment billing. All Monthly payment plans are set up for ACH billings and one months payment is required for the initial payment on the Monthly payment plan.
Any premium adjustments resulting from changes to the policy will be reflected in subsequent bills.
If a policy is canceled, any unearned premium will be applied against the unpaid balance. If there is no unpaid balance, the unearned premium will be refunded.
If a payment is not received by the due date, a Cancellation Notice for non payment is issued.
An Insufficient Funds payment makes all policy coverage null and void. If the company elects to reinstate the policy, premium must be paid and a $35 fee will be charged.