End-of-Year Deadlines and Reminders

December 2, 2020

End-of-Year Commission Date

The year-end commission cutoff date is Dec. 29, 2020. We'll make every effort to place your business in force before this date. We'll pay commissions on policies placed in force after Dec. 29 during the mid-January 2021 commission cycle.

Policy Delivery Requirements

We’ll do everything we can to place pending IDI and GSI policies in force by the end of business on Dec. 29 so producers can meet the commission cutoff date. Please remember:

  • Delivery requirements must be complete and compliant.
  • We must receive the delivery requirements at our home office by noon Pacific on Dec. 29, 2020.

If we receive delivery requirements on Dec. 30 or 31 for policies with an effective date on or before Dec. 28, those policies will count toward 2020 sales totals for agencies and producers. Producers and agencies will receive commissions on those policies in the mid-January 2021 pay cycle.

Policies With Requested Effective Dates of Dec. 29, 30 and 31

We'll place all fully underwritten policies with requested effective dates of Dec. 29, 30 or 31 in force with an effective date of Jan. 1, 2021, subject to the terms of the Policy Acceptance. Please contact your case manager or call 800.378.6058 (800.378.6057 in New York) if you'd like help determining policy effective dates.

 

Office Holiday Closures

The Standard will be closed Dec. 24-25, 2020, as well as Jan. 1, 2021.

Categories
Operations and Underwriting