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Back   Rental Management Remittance Advice for Vehicle Replacement Rentals (004010X119)

Purpose

The Rental Management Remittance Advice and Application Advice for Vehicle Replacement Implementation Guide describes the use of the ANSI ASC X12 Payment Order/Remittance Advice (820) transaction set for the following business usage:
  • To send payment information from the insurance company to the rental company on rental invoices for vehicle replacement

The insurance company uses the 820 to send payment information to the rental company on the rental invoices for the replacement of a vehicle. The 820 may be included as addenda records with an ACH (CTX) electronic payment transaction originated by the insurance company to the rental company's financial institution. The 820 may be sent separately from the funds as well. The 824 is used to handle error processing.

Primary Trading Partners

The primary trading partners are insurance companies, vehicle rental companies, financial institutions, and third-party administrators.

Exceptions/Limitations

The Rental Management Remittance Advice and Application Advice for Vehicle Replacement Implementation Guide is based on a previous guide by the same name, developed by the ANSI ASC X12N Property & Casualty Claims Work Group (Guide # 82).

References

  • Rental Management Remittance Advice for Vehicle Replacement Rentals (003050X082)

Coordination

No coordination required at this time with other ANSI ASC X12 Subcommittees.

Additional Information

Registered 2/8/1999 Published 7/7/2000
Transaction Set ID 820 Standard Version 004010
ASC X12 DM# Owning Group X12N/TG1/WG2