https://completemarkets.com/Article/article-post/1452/PROCEDURES-IN-AN-AGENCY/
...g. Mail one copy to the mortgagee/lender where necessary and one copy to the c... is correct. Look for the error-a misplaced decimal point or a misspelled name...
https://completemarkets.com/Article/article-post/2422/Banks-If-We-Cant-Beat-Em-Should-We-Join-Em/
...s. (Isn't a debt-free client of a lender an oxymoron?)
By contrast, it is in ... schedules, disbursing monthly Life insurance premiums, and passing the accumu...
https://completemarkets.com/Article/article-post/1092/CUT-THROUGH-ENDORSEMENTS/
...8221; ratings or better come from lenders. Many construction contracts ...whether or not the insureds or their lenders will accept them. Most s...
https://completemarkets.com/Article/article-post/905/Achieving-Super-Salesmanship/
...ations electronically to multiple lenders, reducing the usual two-week process...able drive to sell, sell, sell, the insurance industry has subverted its sales...
https://completemarkets.com/Article/article-post/2160/AGENCY-VALUATION-ISSUES/
...y.' Banks historically have been lenders who emphasize physical collateral; t...s. State and federal laws that view insurance as synergistic with banking and ...
https://completemarkets.com/Article/article-post/2586/Pitfalls-to-Avoid-in-Running-a-Captive-Premium-Finance-Company/
...outsource service provider and/or lender should be able to provide you with a ...INSOLVENCY
Although the risk of an insurance carrier becoming insolvent is ve...
https://completemarkets.com/Article/article-post/2570/11-Ways-the-Internet-is-Playing-Havoc-with-Every-Business/
...tting a car loan from an Internet lender will be afforded other opportunities ...y ad copy. On every page of a large insurance organization's Web site is a "Bu...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1452/PROCEDURES-IN-AN-AGENCY/
... effective date, deductibles, and form numbers, when available. Be sure to renew at the end of binder period if policy is not received. b. Mail or give the original to the insured with a deposit billing. Mail one copy to the mortgagee/lender where necessary and one copy to the company, with instructions for policy issuance. Attach one copy to application and company request in insured' s file. c. Never extend any binder beyond ninety (90) days. This is in violation of the insurance ... have been trained on these procedures. A WORD ABOUT ERRORS & OMISSIONS PROTECTION Establishing standard agency procedures offers you many benefits, but the most important for most agencies is the protection that procedures offer against Errors & Omissions lawsuits. Where can errors and omissions occur? In placing coverage By exceeding company authority (per your agency contract) By not issuing proper binders or documentation of coverage Through failure to renew expiring insurance (whether insured is contacted or not) By not maintaining proper amounts of insurance (when average clauses apply) By overlooking ... not covering certain types of hazards/perils Through a misunderstanding with the insured (lack of proper communication) By not having proper documentation to prove the error or omission false By giving false information to the company, or not giving all the information to the company when submitting or renewing coverage What to do to help prevent errors or omissions: l. Telephone Messages a. Date, time, and sign every phone message. b. Write the exact information given, and deliver to the proper person immediately. c. Don't take ...
https://completemarkets.com/Article/article-post/1530/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-1/
... obtain the 50% deduction for the lender. The ESOPs also create potential p... in the neighborhood of $15,000, and lender expenses could be an additional $1...
https://completemarkets.com/Article/article-post/2152/WHAT-IS-AN-AGENCY-WORTH/
... additional capitalization from a lender or passing on the business because of...tlook without being involved in the insurance business in that area. A consult...