| BillingMethodCd | A code identifying whether the policy is to be direct (company) billed or agency billed. This element uses the BillingMethod code list. |
| BusinessPurposeTypeCd | A code indicating the business event being submitted in this message. This element uses the CycleBusinessPurpose code list. |
| ContractTerm | This indicates the period for the contract, policy, binder, etc. |
| PaymentOption | The Payment Option aggregate contains payment information specifying a particular payment plan or the details needed to describe a payment plan in order to schedule payment of a full-term premium for a given XML transaction. Payment options can differ between coverage parts on a package policy so this aggregate would apply not only to a policy but to a coverage part as well. |