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Notice: New Contract Review Requirement for SureLC

May 1, 2015 

Producers must review all contracts in SureLC before submitting to Carriers

What You Need To Know:

-ALL carriers within SureLC require the producer to review contracting paperwork prior to the producer’s signatures being affixed to the PDF forms. 

-Up until 4/3/2015, there were 70 or so carriers that had the required review process enabled, but SuranceBay subsequently updated all 450 carriers to require review by the produce.

-Only producers can review the contracting paperwork.

-Producers can review carrier paperwork at any time.

-From a Compliance and Legal perspective, this move is designed to combat fraud, CYA for the producer, the agency, the carrier, as well as SuranceBay.

For more information on this new requirement, please follow >>this link<<.

Questions? Contact Nick@agent-link.net

If your agency hasn’t yet implemented SureLC-Web for producers to initiate appointment requests and review paperwork without you initiating the process, please contact SuranceBay’s support team for more information.

Filed Under: Agents, Compliance, Life Insurance

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