Pay NFIP New Business

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Revision as of 14:17, 5 March 2025 by WikiAdmin (talk | contribs)

This Equinox Procedure is for Agents. Find a complete list here.

This procedure explains how agents can submit premium payments for NFIP New Business applications.

Procedural Steps

1. Complete Application

Sign the NFIP application electronically
Finish the NFIP Application
  • Provide a drawn or text electronic signature
  • Click the "Use This Signature" button
This records the signature date as "Date Signed"
  • Click the "Continue" button
This moves the user out of the application and into the Payment Methods (see Step 2, below)

2. Choose Payment Method

The next page allows the agent to choose between three payment methods.
Three agent options after the application is complete
  • Make an electronic payment now
Use Equinox to make an immediate Premium Payment
  • Print and mail
Print the application packet; payment will be mailed to the address provided
  • Email the payment link
Forward an email link to the policyholder to make payment using the Consumer Portal

Clicking the "Continue" button will create a new policy, as shown in Step 3 below.

3. Follow-up

The type of follow-up needed will be dependent on payment method. Click the appropriate box below for more details.
Immediate Payment, Auto-issued
After the premium payment is submitted using Equinox, the policy may auto-issue. This requires no underwriting review.
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Immediate Payment, Underwriting
After the premium payment is submitted using Equinox, the policy may require underwriting review.
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The policy can be found in the Pending Transactions queue with a "Pending New Business" flag.

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Equinox Options After "Print and Mail"
Use this page to download a copy of the Application Package to your device by clicking the button
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The policy can be found in the Pending Transactions queue with a "Pending Payment" flag.

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Equinox Options After "Email the Payment Link"
Use this page to email a link to the payment page of the Consumer Portal.

The recipient has the option to download the Application Package.

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The policy can be found in the Pending Transactions queue with a "Pending Payment" flag.

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Making Payment to Policies Pending Payment
A policy in the Pending Transactions queue with a "Pending Payment" flag can be paid directly using Equinox.
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Open the Policy Record.
The policy will have a status flag showing "Pending Payment".
Click the "Make Electronic Payment" option under Policy Actions to submit premium payment.

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The Billing and Payment screen also shows a "Pending" status in the Invoices section.
Click the Make a Payment button to submit premium payment.

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This page contains details about NFIP New Business.
Find more in the How To Write section of the NFIP Flood Insurance Manual.

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