This post is part of a series of sponsored by Agent Sync.
Are your manufacturers tired of entering (and entering) their answers in five different ways in small variations of the uniform producer application each time they apply for a new license or renewal?
If your answer is “good, too bad, they have to, if they want to be compatible,” at Agent Sync, our management product and custom onboarding processes would like to challenge that mindset.
Let’s pop the cap and see how to manage can simplify life for you and your producers and prevent you from submitting irregular applications to the state’s dois.
The challenge: Uniform producer application
The state’s adoption of the uniform manufacturer application for resident or non -resident licenses has been transformative across the industry, which standardizes (mostly) the information a manufacturer needs to stay available to fill the papers.
Unfortunately, in many cases, every time a manufacturer wants to apply for a license in a new state, they still need to fill the application over and over again. For many states, the experience has fallen into the hell of the check box, a process that many producers have managed to read their staff.
DO NOT -EN -SPECIAL QUESTIONS ABOUT PRODUCER INSURANCE ASSOCIATIONS
One of the countless challenges from producer insurance applications themselves with A uniform producer application is that many states do not have -sensible questions. Sometimes these questions are exactly the same. But sometimes there is a little variation – think, “if you have ever been convicted of a crime …” vs. “If you have been indicted for a crime …” vs. “For the past 10 years, if you have been convicted of a crime …” vs. “If you’ve never been charged with a crime …”
Because so many states these do not have -so -being questions, you can’t even rely on the stable grunting of copy/pasta to get you through. You need to verify that you marked all the variations and answered them appropriately according to the taste of the question is on the particular State app. And if your manufacturer happens to have a criminal background, find out which states require what for reporting is its own fight.
The consequences of manual application fill
Applications are less terrible than they used to be, but the state of things still means plenty of repeated data entry to non -resident licensing applications, and variations in a producer’s response can result in the kind of discrepancies that trigger yellow flags in state reviews. Yellow flags are not red flags – these discrepancies do not necessarily mean that your manufacturer’s use will be rejected. But they could slow down the state’s approval process as someone checks answers to the data for your manufacturer, which is on niar.
5 Ways Agent Sync helps
Agent Sync’s flagship product, Manag, was built out of efforts to make management of producer compliance much easier, and nowhere is this effort more clear than in how it solves for variations in the uniform producer license application. The following are the top ways we can take the pain out of your producer license:
No. 1: Flat applications
If you want to finish the hunt for answers, Agent Sync’s onboarding portal has flattened all state applications to a single source. Instead of sending a manufacturer a stack of applications to fill out for the list of states in their sales region or fill them on their behalf, our portal collects all answers to a streamlined place.
No. 2: Reduction of non -ens -kind question variations
States will probably always have their own flavors and variations in the form of non -sensible questions for the producer application. However, many variations are still full of double work and confusion. Imagine questions like “Are you a citizen?” “Are you a non -citizen?” Or “Aren’t you a citizen?” To answer these questions and try to keep your answer in accordance with the changing phrasing so as not to answer dishonest or confuse yourself may be difficult when you have completed paperwork – digitally or otherwise – for an hour.
Agent Syncs Manufacturer Portal consolidates these kinds of questions when possible to minimize the amount of deja vu and different variations that your manufacturers encounter. This again increases the likelihood that your newly recruited manufacturers will actually end the process of boarding and answering questions.
No. 3: Producer response is stored for renewal
Questions for manufacturers often occur when their first license application, non -resident application and renewal applications are inconsistent. Still, these discrepancies are often the result of simple forgetfulness as opposed to an dishonest plot. So what should a producer do?
Agent Sync stores answers for manufacturers, so that at the time of renewal, their previous answers emerge and they can change everything that has changed. But they do not have to understand memories of the past’s answer or accurate phrasing. That’s the difference between filling out a whole new series of questions and paperwork vs. to go in and have someone ask, “Has something changed?”
No. 4: System presents questions to agents based on resident’s license, agent type and line of authority
States are different – that’s kind of a whole thing in insurance. With Agent Sync, your manufacturers get the specific questions that matter to them based on their resident state license, their agent type and their line of authority. Do they need a specific surplus line license, or is a P&C license sufficient? Translates their resident life and health license for the sale of annuity in the non -resident state they want to apply for, or will it be another application?
These variations often cause headaches for producers who are left to wonder if they answer irrelevant questions or miss out on questions they need to tackle. But by baking the state’s reciprocity rules in producer licenses and onboarding processes, Agent Sync can help you make the experience cleaner and more streamlined than ever before.
No. 5: An agency/carrier may specify the manufacturer’s task to narrow or extend the scope of questions
If your manufacturers are limited to a Kansas-Nebraska sales area, it doesn’t make sense to get them to answer Florida questions. By assigning producers to a regional territory, you can limit the extent of their onboarding or license application questions to only those states (or authority lines) that matter which further reduces the hassle and frustration of your producer partners.
Moving from paper to digitally to your next level
Just because you are transferred by paper applications does not mean the trouble of paperwork for your manufacturers is completed. Without a system that actively cuts down on work and frustration for your manufacturers (and your internal compliance and OPS teams!), You’ve just moved from analog to digital with few benefits.
Onboarding and producer license applications are often an opportunity for dropped business and lost producers, even after a long and hard-won recruitment process. With Agent Sync, manufacturer Onboarding and License Applications can be an opportunity for your business to wow producers and help them get the licenses they need.
Transforming your onboarding and license applications is just the beginning.
Manage also helps Agent Sync clients get full visibility into their distribution channels and optimize their profitability with:
- Dashboards that provide high-level listings and detailed reports you can sort by state or sales areas
- Bulk transactions that allow you to apply licenses, appointments or terminations in bulk to the right size your distribution channels in a given region
- Just-in-time workflows that allow carriers to avoid paying for agreements for manufacturers who never sell their products
- Hierarchy Administration that visualizes the manufacturer uplines and reflects distributor relations in all their glorious complexity
- Integrations that synchronize accurate data with other software, making your entire work area more valuable and the silo important data for background control, commissions and more
See what else manages can do to get you to operate on your next level. Plan a demo with our team today and get started with your future state.
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