1 Natural Catastrophe Insurance Program 1.Website Access & Agency Agreement 2.Obtaining a quote for new business 3.Issuing a new policy 4.Renewal Notification.

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Presentation transcript:

1 Natural Catastrophe Insurance Program 1.Website Access & Agency Agreement 2.Obtaining a quote for new business 3.Issuing a new policy 4.Renewal Notification Process 5.Producer Agreement / Signing up Available at www. CatCoverage.com

2 1.Sign & Return Producer Agreement 2.Receive With Username & Password Phone: Website Access……

3 Quoting & Issuing a new Policy…… User Logs in Online Rating Complete Online App Submit for UW approval Step 1: Quote & App

4 Quoting & Issuing a new Policy…… Step 2: Underwriting System Notifies UWUW Reviews App System Notifies Producer Re: App Eligibility

5 Quoting & Issuing a new Policy…… Step 3: Policy Payment If Eligible Policy May Be Issued By Applying An Electronic Payment Once Payment Is Applied Policy Documents Are Issued Immediately

6 –PAI will send the first Renewal Notice 65 days prior to renewal. –A Final Notice will then be mailed at 35 days prior to renewal –If payment has still not been received prior to 15 days of renewal a Cancellation Notice will be sent. Billing & Renewal Process……

7 65 Day Lockout Phase 75 Day reminder 65 days prior to renewal: All policies enter the “Lockout” phase Policy is unlocked when renewal payment is applied.

8 Will We Bill the Mortgagee? –Yes PAI will send a billing notification to any mortgagee listed on the policy at renewal. –Please be aware that if the policy is not required by the lender some escrow accounts may not pay for the renewal, and the insured will be responsible for payment. –To eliminate confusion Rollover Bills will not be sent to the mortgagee.

9 Surplus and XS Lines –Non-admitted insurer –Approved to sell policies –Does not participate in the State Guaranty Fund –AM Best rating: –Best Financial Category: XV (Two Billion +) –Best Long Term Rating A+ Lloyd’s of London

How to Contact Us? Phone: Fax: Poulton Associates, Inc South 700 East, Salt Lake City, UT