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  • Underwriting

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    esutt
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    SouthCap maintains control over the insurance underwriting process by compiling, analyzing, and summarizing each applicant's medical records before submitting to carriers. Their proactive approach involves ordering medical statements and summaries, conducting internal medical assessments, obtaining initial offers from carriers, and coordinating additional information as needed to secure formal offers. This process allows SouthCap to outperform the traditional passive model of an advisor simply submitting an application to the carrier for an unnegotiated take-it-or-leave-it offer.

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    SouthCap maintains control over the insurance underwriting process by compiling, analyzing, and summarizing each applicant's medical records before submitting to carriers. Their proactive approach involves ordering medical statements and summaries, conducting internal medical assessments, obtaining initial offers from carriers, and coordinating additional information as needed to secure formal offers. This process allows SouthCap to outperform the traditional passive model of an advisor simply submitting an application to the carrier for an unnegotiated take-it-or-leave-it offer.

    Direitos autorais:

    Attribution Non-Commercial (BY-NC)
    Baixe no formato PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    11 visualizações1 página

    Underwriting

    Enviado por

    esutt
    SouthCap maintains control over the insurance underwriting process by compiling, analyzing, and summarizing each applicant's medical records before submitting to carriers. Their proactive approach involves ordering medical statements and summaries, conducting internal medical assessments, obtaining initial offers from carriers, and coordinating additional information as needed to secure formal offers. This process allows SouthCap to outperform the traditional passive model of an advisor simply submitting an application to the carrier for an unnegotiated take-it-or-leave-it offer.

    Direitos autorais:

    Attribution Non-Commercial (BY-NC)
    Baixe no formato PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 1

    UNDERWRITING

    SouthCap Underwriting Advocacy The underwriting process is about control. By compiling, analyzing and summarizing each insureds application and medical records before submitting to the insurance carrier, SouthCap maintains full control of the underwriting process. Our proactive approach has proven to outperform the traditional, passive underwriting model which entails an advisor submitting only the application the carrier and waiting for its take it or leave it offer. 1. Advisor obtains signed and completed SouthCap Preliminary Application

    2.

    SouthCap orders Attending Physician Statements; 1 - 4 weeks

    3.

    SouthCap orders additional third party medical summary; 48 hours

    4.

    SouthCap conducts internal medical assessment to determine suitable carriers; 48 hours

    5.

    SouthCap begins initial conversations with carrier underwriters to obtain medical offers; 2 weeks
    ** If needed, SouthCap may recommend additional client testing to enhance underwriting offers.

    6.

    SouthCap secures informal offers and indicative pricing

    7.

    Advisor obtains formal completed application

    8.

    SouthCap coordinates medical exam, inspection reports, and other information required to solidify formal carrier offer; Up to 4 weeks

    9.

    Agent receives issued policy and coverage is put in force

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