"A Service Designed with the Independent Insurance Producer
in Mind."
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Tow Truck and Garage
Insurance Policy News and Notes:
Quoting/ Broker Of Record Procedure for Tow Trucks and Garage
Insurance
Effective immediately we are changing the procedure as related to Broker
of Record (B.O.R.) Letters for new quotes and quotes on existing
policies:
For New Quotes (a quote request not on an existing policy)
We will no
longer require a B.O.R. for any quote requested not on an existing
policy. Quotes will be handed out for any request received and will be
based on respective producer’s web input.
For Existing Policies
An applicant signed B.O.R. letter will be
necessary to supply quote to anyone else except the incumbent producer. If received by us, we will notify incumbent producer and grant a
96 hour
period for incumbent to get later date B.O.R. If a later dated
letter is not received by us
within the 96 hour period we will release quote to new producer.
There will be no exceptions to this rule.
Thank you for your consideration - IAC.