This submit is a part of a collection sponsored by AgentSync.
Are your producers bored with coming into (and re-entering) their solutions 5 alternative ways into slight variations of the Uniform Producer Software each time they apply for a brand new license or renewal?
In case your response is “nicely, too unhealthy, they need to in the event that they need to be compliant,” at AgentSync, our Handle product and customized onboarding processes wish to problem that line of considering.
Let’s pop the hood and see how Handle can simplify life for you and your producers and cease you from submitting irregular functions to state DOIs.
The problem: Uniform Producer Software
State adoption of the Uniform Producer Software for resident or nonresident licenses has been transformative throughout the business, standardizing (for essentially the most half) the knowledge a producer must hold readily available to fill out the paperwork.
Sadly, in lots of instances, every time a producer needs to use for a license in a brand new state, they nonetheless need to fill out the applying repeatedly and once more. For a lot of states, the expertise has descended into checkbox hell, a course of many producers have managed to dump onto their employees.
Nonuniform questions on producer insurance coverage functions
One of many myriad challenges of producer insurance coverage functions even with a Uniform Producer Software is that many states have nonuniform questions. Typically these questions are the very same. However typically there’s a slight variation – suppose, “In case you have ever been convicted of against the law…” vs. “In case you have you been charged with against the law…” vs. “Within the final 10 years, when you’ve got you been convicted of against the law…” vs. “Should you’ve by no means been charged with against the law…”
As a result of so many states have these nonuniform questions, you’ll be able to’t even depend on the regular gruntwork of copy/paste to get you thru. You need to test that you just flagged all of the variations and answered them appropriately in response to no matter taste of the query is on that individual state’s app. And in case your producer occurs to have a legal background, determining which states require what for reporting is its personal wrestle.
The results of handbook software fills
Functions are much less horrible than they was once, however the state of issues nonetheless means a number of repetitive knowledge entry for nonresident license functions, and variations in a producer’s solutions might consequence within the sort of inconsistencies that set off yellow flags in state evaluations. Yellow flags aren’t crimson flags – these inconsistencies don’t essentially imply your producer’s software might be rejected. However they might decelerate the state’s approval course of as somebody checks solutions in opposition to the information on your producer housed at NIPR.
5 methods AgentSync helps
AgentSync’s flagship product, Handle, was constructed out of an effort to make managing producer compliance far simpler, and nowhere is that this effort extra evident than in the way it solves for variations within the Uniform Producer Licensing Software. Following are the highest methods we are able to take the ache out of your producer licensing:
No. 1: Flattened functions
If you wish to finish the chase for solutions, AgentSync’s onboarding portal has flattened all state functions right into a single supply. As a substitute of sending a producer a stack of functions to fill out for the listing of states of their gross sales area or filling them out on their behalf, our portal collects all solutions in a single streamlined place.
No. 2: Decreasing nonuniform query variations
States will seemingly all the time have their very own flavors and variations within the type of nonuniform questions for the producer software. Many variations, nevertheless, are nonetheless filled with double-work and confusion. Think about questions resembling “Are you a citizen?” “Are you a noncitizen?” or “Are you not a citizen?” Answering these questions and making an attempt to maintain your reply in keeping with the altering phrasing in order to not reply dishonestly or confuse your self may be tough if you’ve been filling out paperwork – digitally or in any other case – for an hour.
AgentSync’s producer portal consolidates these sorts of questions when doable in order to attenuate the quantity of deja vu and disparate variations your producers encounter. This in flip will increase the probability that your newly recruited producers will truly end the method of onboarding and answering questions.
No. 3: Producer solutions are saved for renewals
Points for producers usually happen when their preliminary license software, nonresident software, and renewal functions are inconsistent. But these inconsistencies are sometimes the results of easy forgetfulness versus a nefarious plot. So what’s a producer to do?
AgentSync saves solutions for producers so, at renewal time, their earlier solutions resurface they usually can change something that’s modified. However they don’t have to understand at reminiscences of previous solutions or precise phrasing. It’s the distinction between filling out a complete new collection of questions and paperwork vs. strolling in and having somebody ask, “has something modified?”
No. 4: System presents inquiries to brokers primarily based on resident license, agent sort, and line of authority
States are completely different – it’s type of a complete factor in insurance coverage. With AgentSync, your producers get served the particular questions that matter to them primarily based on their resident state license, their agent sort, and their line of authority. Do they want a selected surplus traces license, or will a P&C license suffice? Does their resident life and well being license translate for annuity gross sales within the nonresident state they need to apply in or will that be a unique software?
These variations generally trigger complications for producers who’re left to wonder if they’re answering irrelevant questions or lacking out on questions they should tackle. However by baking state reciprocity guidelines into producer licensing functions and onboarding processes, AgentSync may also help you make the expertise cleaner and extra streamlined than ever earlier than.
No. 5: An company/provider can specify the producer’s project to slim or broaden the scope of questions
In case your producers are restricted to a Kansas-Nebraska gross sales territory, it doesn’t make sense to make them reply Florida questions. By assigning producers to a regional territory, you’ll be able to restrict the scope of their onboarding or license software inquiries to solely these states (or traces of authority) that matter, additional decreasing the effort and frustration on your producer companions.
Transferring from paper to digital to your subsequent stage
Simply since you’ve transitioned off of paper functions doesn’t imply the effort of paperwork on your producers has ended. And not using a system that actively cuts down on the work and frustration on your producers (and your inner compliance and ops groups!), you’ve simply moved from analog to digital, with few advantages.
Onboarding and producer license functions are regularly a possibility for dropped enterprise and misplaced producers, even after an extended and hard-won recruitment course of. With AgentSync, producer onboarding and license functions can develop into a possibility for your enterprise to WOW producers and assist them get the licenses they want.
Reworking your onboarding and license functions is just the start.
Handle can be serving to AgentSync shoppers get full visibility into their distribution channels and optimize their profitability with:
- Dashboards that present high-level overviews and detailed studies you’ll be able to kind by state or gross sales territories
- Bulk transactions that can help you apply licenses, appointments, or terminations in bulk to right-size your distribution channels in a given area
- Simply-in-Time workflows that enable carriers to keep away from paying for appointments for producers who by no means promote their merchandise
- Hierarchy administration that visualizes producer uplines and displays distributor relationships in all of their superb complexity
- Integrations that synchronize correct knowledge with different software program, making your whole workspace extra helpful and de-siloing very important knowledge for background checks, commissions, and extra
See what else Handle can do to make you use at your subsequent stage. Schedule a demo with our staff immediatelyand get began in your future state.
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