1. What is a dispute?

2. The dispute process

3. Resolving disputes

4. Withdrawing disputes

5. MGA responsibility for disputes
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A dispute (also known as a chargeback) occurs when a cardholder or account owner questions your payment with their card issuer or bank.

​Common Reasons for Disputes include:

• The payor wants to cancel the policy

• The payor's payment method was lost or stolen

• The payor accidentally disputed the charge

• The payor is waiting for a refund

How might a dispute affect the customer?

A dispute filed on an Ascend payment may result in one or more of the following:

• A cancellation in coverage due to a break in payments on the insured's loan

• A delay or pause on issuing refunds to the customer

MGAs are responsible for communicating with the payor to understand why the charge was disputed. When the insured or agency disputes a charge, the following occurs:

• Email communication immediately is sent to the insured and to your team

• Their card is flagged for fraud review and cannot be used again for upcoming payments

• If the program is financed, the disputed charge is withheld from being applied to the loan and policy

• The dispute will be reviewed, which can take up to 60 days. Results will be shared with your team

Your team is responsible for touch base with agency/insured to confirm reason for the dispute:

1. Did the insured dispute the transaction because the policy is cancelled and they want a refund? Your team should make sure that the program is cancelled in Ascend's dashboard (more here) and make sure the insured understands the difference between cancelling a policy vs. the loan they took out to finance the policy. See Disputes on Cancelled Policies section below.
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2. Was the dispute made in error? Collect payment to cover any withheld funds and get proof of withdrawing dispute. See Withdrawing Disputes section below.
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3. Did the insured dispute this charge intentionally? If the insured confirms they will dispute the charge, it's in your interest to show proof that the insured agreed to this charge. See Intentional Disputes section below.

What do I do if the insured files a dispute on a canceled policy?

We would love to work with your team to help resolve this for your customer. Here's how you can help expedite the refund process for your insured:

• Make sure program is cancelled in the dashboard

• Reach out to the insured. They should understand:

  • Withdrawing disputes will lead to faster refund timing by eliminating the investigation period.

  • If the cardholder wants to cancel a financed insurance policy, then the cardholder must understand that in insurance, premium finance loans are still active until the return premium is received from the carrier/MGA and the loan is closed out. Most refunds will be issued within the 30-60 day timeframe from the date of cancellation and until then the cardholder's loan is active.

• Reach out to the carrier. You can let them know that the insured has a loan active until the return premium (RP) is sent and request details about the RP issuance date and amount.

Ascend cannot process any refunds on a program with an active dispute.

How does Ascend determine cancellation effective dates?

Ascend bases our cancellation dates directly on the carrier's cancellation date--this is not Ascend's decision. If the carrier has canceled the policy effective 2/1, for example, we should receive the return premium enough to provide the customer a refund for their policy in accordance with that amount. Ascend receives the cancellation return premium from the carrier and applies it to the customer's loan balance, issuing any leftover funds as a refund to the customer.

If an insured needs to be refunded, a check will be sent to the insured's address on file. If funds are owed back from your agency, such as unearned commissions, Ascend will deduct them from your agency's next payout or send a payment link to return those funds to Ascend.

How long does it take to refund for a cancellation?

Ascend can only process refunds on financed programs once the return premium is received from the carrier/MGA and the loan is closed out. Refunds on financed programs directly depend on the carrier sending the return premium. Most refunds will be issued within the 30-90 day timeframe from the date of cancellation. However, the refund timeline will be extended if the carrier still needs to send the return premium to us within that timeframe. .
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When the insured wants to withdraw a dispute, there are two steps:

1) Get proof of withdrawing dispute. The Payor must share proof that they revoked the dispute (e.g. forwarded email or screenshots of their communication with their card issuer) and share with our team. Upon formally withdrawing the dispute, the bank will re-bill the insured's account for the disputed charge and sometimes provide a letter of withdrawal. If they don't receive a physical letter, the cardholder should get a notification electronically either via email or on their associated online account.

Please send us over a copy of this letter of withdrawal or re-billing statement. This letter of withdrawal or a re-billing statement must be a screenshot of the insured's online banking portal or an image of their paper bank statement.

• We must be able to see the cardholder's name, the last four digits of their card, and the date and the amount of the dispute.

• It's okay if the insured prefers to redact any sensitive information.

• Any letter of withdrawal must state that the insured dropped or withdrew the dispute.

• Any re-billing statement documentation should show the date of the original charge, the date of the conditional credit, and the date in which the credit was reversed.

2) Collect payment for disputed amount. While the dispute is in review, funds are withheld from being applied to a policy. If the insured made the dispute in error or wants to withdraw it to prevent the loan and policy from cancellation, they must make an extra payment for the amount disputed. This is because the review process can take months, even when the dispute is withdrawn. Once the dispute review process is complete, if the insured loses the dispute then we will refund them the extra payment.

Please reach out to support@useascend.com with any questions about collecting payment to apply to the policy while disputes are in review.

If the insured confirms they will dispute the charge, then it is in your team's best interest to provide documentation and past communication with the insured showing approval for the transaction. Note that lost disputes could result in your team being responsible for covering the disputed amount, dispute fee, and transaction fee. Please share any communication that you'd like to be included as evidence in countering the dispute (e.g. screenshots, forwarded emails, text threads, etc.) to support@useascend.com .

If the payor wins the dispute and the payor's card is refunded, here is how responsibility for disputed funds breaks down:

• If the charge disputed is downpayment, paid-in-full program or a one-off invoice, then the MGA is responsible for the transaction and dispute fee.

• The MGA is not responsible for disputes on monthly payments.

Need more help? Contact us at support@useascend.com for more help.