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ONLINE SUBMISSION / BIND PLATFORM – WHOLESALE INSURANCE

ONLINE SUBMISSION / BIND PLATFORM – WHOLESALE INSURANCE

Vision: Software program or Platform for the allowing broker to go online, obtain an instant quote and submit applications and supporting documents for pricing and binding of insurance.

1. Process:

a. Broker login to site bring him to his Control Panel

b. Broker Control Panel

i. Includes dynamic lists:

1. Submissions incomplete or pending a quote

2. Quotes, pending status

3. Binds

4. Dead file

5. Customer List

6. Renewals : <30 Days out, 30 to 60 Days 60 to 90

a. Provides List and application for editing

7. Reports: Breakdown, month, year, YTD, Compare, By

8. Company, by type(WC, GL etc)

a. Total Submissions

b. Total Quotes

c. Total Binds

9. Accounting:

a. Statement of money owed to the Wholesale Agent

b. Invoices outstanding to Insured’s

c. Direct Bill Account and payment made by

ii. Admin: On the Agency level, the Administrator is able to set add and delete Producer Logins, markets they are allowed to sell.

iii. Market List

1. Program information by market, literature

2. Submission Requirements

c. Submissions: Broker has two choices when submitting information:

i. Input Basic Info on client & Upload supporting documents, applications, loss history, Etc.

1. Basic Info, Company Name, Contact Person, Address, Phone, Fax, email, Effective Date

ii. Or the Broker can input all the information in the form of an application and uploads support docs that that are required and cannot be inputted.

iii. Online Raters: This allows the Broker to input a the basic information along with some additional rating information sufficient for one or more rating engines to produce pricing, the information inputted is saved in the Brokers Customer File and can be used when inputting additional information or uploading files for submissions/

d. Broker selects Markets where the submission will be sent and select submit. This affect three areas; updates Broker Control Panel and saves the inputted info to the Customers Files

i. Each Market selected receives a submission with a cover letter from the Wholesale Broker and 3 Links: Request for Additional Info, Declination of Terms and Quote.

1. Link 1; Request additional info - this links a message from the Market to the Broker from the file screen. Broker can respond to the Request for Additional Info from the market though the portal. These communications are saved to the Submission Files. The Broker selects reply to Market and the Market select reply to Broker.

2. Link 2; Decline - sends a specialized message to the broker and logs with the file

3. Link 3; Quote - this goes directly to our Wholesalers CSR who inputs the Markets quote data onto our the Wholesalers Quote Template - the CSR, when complete the CSR selects SEND and an email with cover letter along with the Quote link is sent to the Broker. Broker open the link to his home page with the New Quote Icon flashing

ii. Wholesale Agent receives a Link that brings the Wholesaler CSR to the Submission for Review.

e. Quotation Screen: When the Broker opens the quote screen, additional commands become available.

i. Create Premium Finance Agreement

ii. Bind Account

1. Produces a list of items necessary to bind coverage

a. Invoice

2. Produces a list of terms.

a. Check from Insured

b. Check due to Wholesaler

c. Amount to be Financed

d. Amount retained by the Broker

iii. Create Quote

1. Allows for the input of Producer Fees

iv. Create Invoice

1. Creates an invoice from the Broker to the insured.

v. Create Quote Cover Letter

1. Produces a list of items necessary to bind coverage

f. BINDING: Broker selects RTB, a list of bind requirement is generated and am invoice and ACH FORM Broker uploads all docs and ACH FORM is up loaded to special port that recognizes check and amount or Broker can enter this amount, broker can select up to 5 days delay in processing of checks or the Brokers info can be pre-filled and he fill in amount and approves the amount Customer data base On

Skills: PHP, Software Architecture

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About the Employer:
( 4 reviews ) Laguna Beach, United States

Project ID: #186380

7 freelancers are bidding on average $1389 for this job

webexpertz

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