Risk Pool Deductions

OVERVIEW:

Although not as common as they used to be, Risk-pool deductions describe a small portion of an insurance payment withheld by the insurance company that will possibly be reimbursed to you at a later date.  In most cases, you have agreed, by contracting with that insurance company, that they will withhold a small percentage (usually 1 or 2 percent) of each payment.  Then on a yearly basis, depending upon factors determined by the insurance carrier, they will pay you all or part of the amount withheld.

In DELPHI32 risk pool deductions are taken at the time an insurance payment is entered.  The screen below shows the 'Apply Payment' screen for an insurance payment.

The third item on this screen allows you to take the risk pool deduction.  Please note that the risk pool deduction is not the same thing as the write-off amount.