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Section
Field
Entry
General Information
Waiting Period Type
Transfer
In the General Information section of the Policy Record, find the Waiting Period Type and confirm that is shows "Transfer".
The following details must match exactly on the prior declarations page or renewal bill.
All policyholder's names
Property Address
Prior Policy Number
Prior Company Name
Prior Company NAIC Code
Policy Expiration Date to New Policy Effective Date
The NFIP coverage limits must be checked for coverage increase amounts higher than Option B if the premium was received less than 30 Days prior to Expiration.
They can keep the same policy when they transfer to your agency.
This is incorrect if the agent only writes for Widgets United.
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