December 20, 2013 | BY EMILY DAWSON
Getting appointed with insurance carriers has changed since the financial crisis in our country. Carriers are looking at agents backgrounds more closely, but that doesn’t mean you shouldn’t try to get appointed with carriers you want to do business with.
The Ins and Outs of Contracting
First and foremost, the more information you supply, the quicker the contracting process will go. With that said, please supply us with your most updated license, E&O, proof of anti-money laundering, voided check, and any NAIC state requirements (NAIC states are listed below). If you’re aware of potential background issues, explain what they are upfront, and explain how you’re taking care of them. This gives the carrier the information they need to make a better decision on appointing.
Carriers are taking anywhere from 7 to 14 business days to appoint, assuming your appointment is in good order. Remember contracting is a process, and you have to get appointed before you can write new business. Plan ahead, and be aware that some carriers also require specific product training before you can sell business.
Every carrier has its own appointing process, but by providing the above mentioned items, we’ll make sure you’re taken care of, by producing the correct paperwork, following-up, and making sure your appointment is set up correctly.
NAIC Approved States: (these states meet the requirements set by the National Association of Insurance Commissioners).