Broker Tools - Broker Appointment Policy


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	Broker Appointment
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		*Agency / Broker Appointment Process*

A.	Prospective agencies wishing to access PRM's products and programs will need to be appointed. To be considered for an appointment with PRM please:
		Complete and submit PRM’s Agency/Producer Profile
		Print, sign, and submit PRM's “Broker-Company Agreement”
		Please include the following items:
		Copy of current agency insurance license Copy of in force Errors and Omissions Liability policy dec page or Certificate of Insurance Copy of W-9 - Request for Taxpayer Identification Number and Certification.
		Please email the above items to dwyatt@prminsurance.com or fax to 877-579-1600.
B.	Marketing department will direct and be responsible for agency appointment process which will include the following:
		Interview prospect agencies either by phone or in person
		Oversee completion of all items under part A above
		Instruct/provide copies of “Doing Business with PRM” (Broker Kit)
		Maintain Suspense file on agencies license, and E & O insurance.
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C.	An agency may only be approved by PRM’s Agency/Broker Appointment Committee which will be made up of the following individuals:
		Vice President of Marketing or designee
		Vice President Underwriting, workers’ compensation or designee
		Vice President Package Program or designee
		CFO or designee
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.		Note: Agency Bill consideration requires audited financials
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		*Agency / Broker Review Criteria*

	All agencies must meet and maintain agency performance requirements to retain appointment. Agency performance reviews will be conducted annually by PRM’s Agency/Broker Appointment Committee. A review may be called to handle major broker issues. The following items will be reviewed for issues or concerns:
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			Agency/Broker support to PRM programs
			Collection and invoicing issues
			Losses by Agency
			Procedure/policy issues (ease of doing business)
			Volume by agency (meeting performance requirements which is In-force premium from various PRM products in first twelve (12) months after appoitnment.)
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