Operations and Underwriting

Unlike other states, Pennsylvania requires appointment before a producer signs an insurance application.
Two states now require us to deliver guaranty association notices with all policies.
As we look toward the end of 2020, keep these dates in mind.
Did you know about one in five IDI applications are delayed due to errors or missing information? Make sure your applications aren’t caught in compliance holds by adopting these best practices.
It’s never too early to plan for year-end deadlines. Read end-of-year reminders regarding policy effective dates, delivery requirements and commission dates.

We’ve sent all active producers appointed in New York a contract addendum to comply with a new New York Cybersecurity Regulation. All producers licensed in New York must be in compliance by March 1, 2019. There are some limited exemptions for compliance provided under the law.

It’s never too early to plan for year-end deadlines. We’ll make every effort to place your business in force before the year-end commission cut-off date of Dec. 27, 2018. Read end-of-year reminders regarding policy effective dates, delivery requirements and commission dates.
As part of a company-wide initiative to increase electronic processes and digitize records, we’re phasing out paper commission statements and payments. Starting this week, new producers must submit direct deposit information.
Starting Sept. 24, The Standard is changing how we process applications. All applications must be complete — with income documentation submitted and medical labs ordered — before we conduct the first underwriting review. This should result in more final decisions at first underwriting review.
The Standard’s Illustration Software will remove new business and increase quotes from the system after three years and seven months. If you want to hold on to your illustrations for longer, be sure to save them outside of the software, such as on your company’s server.