CPA for Excess / Umbrella

CPA for Excess / Umbrella

(Carrier Placement Analysis - Excess / Umbrella)
This CPA will guide you to identify which carrier (s) will be the best to write this Risk (LOB)

Step 1: Collect risk info via request for personal auto quote or via Purl for this LOB. (Already done - go to step 2)
Step 2 – Create client in ezlynx if it’s a new client to the agency.
Step 3 – Verify how Property is Titled via Data Tree.
Step 4 – Identify the carriers that writes this line of business.
Step 5 – Compare final validated rates to determine the best carrier for this risk.
Step 6 – Prepare application for client to Signing
Step 7 – Bind the Policy & Complete Point of Sale
Step 8 – Process BOR & Complete Point of Sale (In case client decides to BOR to our Agency)
Date

MonthDayYear
Date
Agency Name*
enter agency prefix
Producer Names (LSI)*
Ezlynx Client Creation:

Field-2D
Does the client already exist in ezlynx*
Note: Since the client already exists, then just verify the applicant's contact information with what's listed below.
Note - Create a new personal lines client (aka new Applicant).
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What is the Ezlynx Client ID*
Applicant Information:
Legal Entity Type
What is the Legal Name of the business
Does the Applicant use a DBA different from the Legal Name
What is the name of the DBA
When did the Business originally start
When was this Entity established
What is the Social Media Page
What is the website for the business
Does the Business have Insurance now *
Name of Carrier*
Number of Years with this Carrier*
When does the policy expire
Business Contacts:
First & Last Name*
Primary Contact Person
Phone Number*
Email Address*
Is there a 2nd Contact*
First & Last Name*
Secondary Contact Person
Phone Number*
Email Address*
Verify Title / Ownership:

Field-2D
Let's verify how property is Titled:
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Title Status*
Prior Ins. Info
Prior Carrier*
Name of Carrier*
When does the policy expire
enter the exp/renewal date
What is annual premium (optional)
not required but helpful
Identify Carriers that will write this risk:

Field-2D
These are the Primary Markets (direct appointments) for Excess / Umbrella.
Basic Underwriting:
Program Highlights and Forms
Validation Status*
Reason for Declination (check all that apply)*

New Bus SuspensionDoes not wrote this Class of Bus.Due to violations/accidents from MVR & CLUEUnacceptable vehicleExcluded driver/ownerInsufficient coverage optionsOther reasonDoes not wrote this Class of Bus.
Final Validated Price
Must annualize if 6 month term
Notes for Mercury
- Written via Travelers Comm Ins. Co.
- Direct Bill
- Admitted
Basic Underwriting:
Program Highlights and Forms
Validation Status*
Reason for Declination (check all that apply)*

New Bus SuspensionDoes not wrote this Class of Bus.Due to violations/accidents from MVR & CLUEUnacceptable vehicleExcluded driver/ownerInsufficient coverage optionsOther reasonDoes not wrote this Class of Bus.
Final Validated Price
Must annualize if 6 month term
Notes for Travelers
Basic Underwriting:
Program Highlights and Forms
Validation Status*
Reason for Declination (check all that apply)*

New Bus SuspensionDoes not wrote this Class of Bus.Due to violations/accidents from MVR & CLUEUnacceptable vehicleExcluded driver/ownerInsufficient coverage optionsOther reasonDoes not wrote this Class of Bus.
Final Validated Price
Must annualize if 6 month term
Notes for Hartford
- Written via Amguard Ins. Co.
- Direct Bill
- Admitted
Basic Underwriting:
Program Highlights and Forms
Validation Status*
Reason for Declination (check all that apply)*

New Bus SuspensionDoes not wrote this Class of Bus.Due to violations/accidents from MVR & CLUEUnacceptable vehicleExcluded driver/ownerInsufficient coverage optionsOther reasonDoes not wrote this Class of Bus.
Final Validated Price
Must annualize if 6 month term
Notes for Guard
- Written via Nationwide Ins. Co. of America
- Direct Bill
- Admitted
Basic Underwriting:
Program Highlights and Forms
Validation Status*
Reason for Declination (check all that apply)*

New Bus SuspensionDoes not wrote this Class of Bus.Due to violations/accidents from MVR & CLUEUnacceptable vehicleExcluded driver/ownerInsufficient coverage optionsOther reasonDoes not wrote this Class of Bus.
Final Validated Price
Must annualize if 6 month term
Notes for Nationwide
These are These are the Secondary Markets (thru MGA's) for Excess / Umbrella.
Basic Underwriting:
Program Highlights and Forms
Validation Status*
Reason for Declination (check all that apply)*

New Bus SuspensionDoes not wrote this Class of Bus.Due to violations/accidents from MVR & CLUEUnacceptable vehicleExcluded driver/ownerInsufficient coverage optionsOther reasonDoes not wrote this Class of Bus.
Final Validated Price
Must annualize if 6 month term
Notes for UmbrellaPro
Basic Underwriting:
Program Highlights and Forms
Validation Status*
Reason for Declination (check all that apply)*

New Bus SuspensionDoes not wrote this Class of Bus.Due to violations/accidents from MVR & CLUEUnacceptable vehicleExcluded driver/ownerInsufficient coverage optionsOther reasonDoes not wrote this Class of Bus.
Final Validated Price
Must annualize if 6 month term
Notes for McGOWAN
STEP 5 - Compare the rates:

Field-2D

Rate Comparison Chart :

	Prior / Current Carrier	Travelers	Hartford	Guard	Nationwide	Mercury
Primary Market

Rate Comparison Chart :

	Prior / Current Carrier	UmbrellaPro	McGowan
Secondary Market

Quote released with*

MercuryTravelersHartfordGuardNationwideUmbrellaProMcGowanClient decided to BOR to our agencyNone / Will stay with Current Carrier
Client decided to Purchase

MercuryTravelersHartfordGuardNationwideUmbrellaProMcGowanClient decided to BOR to our agencyNone / Will stay with Current Carrier
What carrier are we doing the BOR with*

MercuryTravelersHartfordGuardNationwideUmbrellaProMcGowan
Please choose the reason why we could NOT close the sale*

Could not beat existing rateCould not find a marketClient does not want to move midtermUndesirable, agency does not want itOther
Notes
STEP 6 - Prepare Application for Signatures:

Field-2D
Note: We need to preapre the application along with any additional underwriing forms for signatures.
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Determine if you need any of these additional underwriting forms. Note - You only need to to do this if the application did not automatically print with it.
HO3 Underwriting Guidelines
Primary Home Specimen
Product Comparison
(Nevada)-Product Comparison
CA Homeowners Eligibility
Sub Limits Explained
STEP 7 - Bind the Policy:

Field-2D
Note: We need to Bind the Policy.
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STEP 8 - Process a BOR:

Field-2D (What is a BOR or AOR)
Note: We need to send a Mercury BOR to the client for signing.
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Basic Underwriting for Mercury BOR

-Mercury requires at least 30 days prior to renewal for the policy to be successfully
transferred to the new agency code. Otherwise the BOR may not be processed in time for the renewal and will be effective the following next year/term.
Note: We need to send a Travelers BOR to the client for signing.
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Basic Underwriting for Travelers BOR

-Travelers requires at least 30 days prior to renewal for the policy to be successfully
transferred to the new agency code. Otherwise the BOR may not be processed in time for the renewal and will be effective the following next year/term.
Note: We need to send a Hartford BOR to the client for signing.
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Basic Underwriting for Hartford BOR

-Hartford requires at least 20 days prior to renewal for the policy to be successfully
transferred to the new agency code. Otherwise the BOR may not be processed in time for the renewal and will be effective the following next year/term.
Note: We need to send a Guard BOR to the client for signing.
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Basic Underwriting for Guard BOR

-
Note: We need to send a Nationwide BOR to the client for signing.
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Basic Underwriting for Nationwide BOR

-Nationwide requires at least 30 days prior to renewal for the policy to be successfully
transferred to the new agency code. Otherwise the BOR may not be processed in time for the renewal and will be effective the following next year/term.
Note: We need to send a UmbrellaPro BOR to the client for signing.
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Basic Underwriting for UmbrellaPro BOR

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Note: We need to send a McGowan BOR to the client for signing.
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Basic Underwriting for McGowan BOR

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What is the Policy or Quote number*
Now that you have Bound the Policy, its time to complete the Point of Sale. Hit Submit
Note: Make sure to upload all your quote files here instead of saving in ezlynx client file direclty. After you hit submit then you get the pdf copy of this CPA which will be saved in ezlynx anyway. This is a more organized way of saving files related to quoting / marketing a risk and is much easier to review on future Renewals.
Notes
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