Effective Wednesday November 1st, SuranceBay will enable a new carrier for American General that supports Institutional requests, where only the DCA (Dual Contract Application) is required.
The new
carrier will be listed as "American General Life Ins Co (Institution)".
The unique attribute with this carrier is that the Producer Review step is not mandated. Since these are Dual requests through a Broker Dealer, the DCA forms only requires basic demographics along with existing writing codes.
No Producer signatures are required.
This was designed to assist agencies that work with Broker Dealers Reps and have a simplified workflow to dual contract.
Requests will be sent electronically direct to the carrier without any intervention by your Producer.
Feel free to add this carrier to your agency's "Selected" carrier list as needed. The following article describes in more detail how to add a carrier to your account: CLICK
HERE