New Business Administration System

System Highlights

  • Application Entry:
    - The system will accommodate entry of virtually any type of policy
    - Multiple insured may be entered and maintained for each policy
    - Specific agent structure and commission information contained within each benefit
    * Permits independent treatment of commissions and advances
    - Comprehensive Editing
    - Automatic premium look-up, verification and calculation
    - Policy fee maintained automatically
    - Agent advances generated automatically
    - General Ledger entries are automatic upon entry of application
  • Underwriting:
    - All underwriting requirements are user defined
    - Automatic policy tracking of elapsed days
    - Pending reports by plan, agent and company
    - Requirements pending may be assigned to agent or the home office
    - On-line underwriting request form available upon demand
    - Each insured on a policy may be rated
  • Policy Issue:
    - On-line entries for individual or multiple policies
    - Automatic generation of policy forms:
    * Policy Schedule pages
    * Non-Forfeiture pages
    * Cost Disclosure statements
    * Additional rider and policy forms
    * Automatic policy transmittal forms
    * Multiple insured or policy cancellation methods available
    * Jet (automatic) issue available
  • Policy Delivery:
    - Automatic policy fee maintained
    - Automatic delivery dates user defined
    - Capability to deliver individual or multiple policies
    - Automatic accounting functions upon delivery
    - Automatic billing date maintenance
    - Automatic tracking of agent commissions
    - C.W.A. shortages charged to agent available
    - Automatic C.W.A. overage refund