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FAQ'S
Q.
What is the normal turnaround time for additional
insured?s and policies?
A.
About 30-45 days.
Q.
When can I get a policy number?
A.
When BISA receives your agency?s trust deposit check
for that insured.
Q.
When are policies released?
A.
When the balance is paid
in full, the policy will be released.
Q.
When is the policy balance due?
A.
Twenty (20) days after the effective date of the policy.
Q.
Why is there a $35 reinstatement fee?
A.
It is due to the cost of processing and mailing the
Certified Notice of Cancellation to the insured.
Q.
How do I get loss runs?
A. With a written request from
the insured on their company letterhead listing the
policy numbers for
each carrier.
Q.
How long does it take to get loss runs?
A.
Normal turnaround time is about two weeks.
Q.
How can I get a quote?
A.
Submit the completed BISA
application, 4 years loss runs and a copy of your
agency?s
license (for tax purposes).
WHAT APPLICATION TO
LINK TO?
Q.
How long does it take to receive a cancellation
return premium?
A. 45 days after cancellation date.
Q.
Why do I need to supply a SL Tax ID number?
A.
In the states of Florida, New Jersey and New York, the
carrier mandates a surplus lines
tax ID number to be listed on the policy
declarations page.
Q.
Do need to send
certificates naming an additional insured with my
request form?
A. No, the BISA Additional
Insured Request Form is only needed.
Q.
Do I need to send certificates showing proof of
coverage?
A. No
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Las Vegas, NV 89102