|
|
||||||
|
||||||
Agent
Resources | Return
to Agent Resources Main Page |
||||||
|
|
||||||
| Letters to Agents | ||||||
|
|
|
||||||
|
||||||
Agent
Resources | Return
to Agent Resources Main Page |
||||||
|
|
||||||
| Letters to Agents | ||||||
|
|
|
|
||||||||||||||||
1998 Letters:
|
||||||||||||||||
 |
||||||||||||||||
Letter #99-03 (Super Agents' Contingency Program) We are pleased to announce the addition of a "Super Agents' Contingency" to our Fulmont Mutual Contingent Commission plan effective for the year 1999. An agency with $200,000 or more earned premium will be considered a "Super Agent". If the agent qualifies for a Contingent Commission, the commission will be calculated using a larger percentage. A comparison of the percentage rate is as follows:
Calculation of Contingent Commission Program (January 1, 1999):
Letter #00-00 (Procedure for letters to agents) The letters we send to agents by mail will also be posted here in the agent section. You will be able to access them two ways . One way is through the news and updates by subject matter - for example the first letter of the year is usually Holiday closing - so holiday closing would be the subject. The other way is to click on the letters to agent icon. The letters will be listed by letter number - for example the Holiday closing letter is #99-01. Letter #99-01 (Holiday Closings) Our office will be closed on the following 1999 holidays
Please mark your calendar with the above dates and if there should be any changes, additions or deletions to the schedule, we will let you know. Please anticipate your insurance needs. Letter #99-02 (Entrepreneurship Series) Investigate your possibilities for new business with our new Entrepreneurship Series - Home Based Business Policy. This new program is designed to provide coverage for the policyholder operating a business from their private residence or related private structure. It provides a Businessowners Policy for a less expensive minimum premium than a regular Businessowners Policy. The policyholder can also purchase additional coverage forms which enhance our current BOP coverages. If your customer has a beauty salon or barber shop in their residence they can purchase additional coverage which will provide the state-required Beauty Shop/Barber Shop Professional Liability coverage and a variety of enhanced BOP coverages. Please review the information and contact your underwriter if you should have any questions. We are confident this new program will provide your customers with the proper coverage for their Home-based Business. Letter #98-02 (Certificates of Insurance) Recently the State of New York Insurance Department issued an important letter to New York State Licensed Producers regarding the use of Certificates of Insurance as evidence of insurance coverage. The letter advises producers "that they may not add terms or clauses to a Certificate of Insurance which alter, expand or otherwise modify the terms of the actual policy unless authorized by the insurer which has filed an appropriate endorsement with the Superintendent of Insurance and obtained prior approval, if required." The letter further states, "The Department may seek disciplinary measures against producers who continue this practice without authorization from the insurer." We are enclosing, for your review, a copy of this Circular Letter 15 of 1997 and Circular Letter 8 of l995. Any questions, please feel free to contact us.
Letter #98-02A (Mohawk Minden Merger) Fulmont Mutual Insurance Company is pleased to announce the recent merger with Mohawk Minden Insurance Company of Canajoharie, New York. Fulmont Mutual has been working with Mohawk Minden in a management capacity since 1994. We have retained their staff and the Canajoharie office will remain open as a branch office. As many of you know, Fulmont Mutual has a Web site located at www.fulmontmutual.com. We feature a "Find Your Agent" item for all people viewing our site. Fulmont is pleased to announce a special offer to be listed on our Web site to all Fulmont agents. For a one-time set up charge of $20.00, Empire Web Pages will add a web page to our site. If you complete the attached information page, we will write the copy and send it to you for your review. If you are already on the internet, we will link your Fulmont page to your site at no cost to you. With the rapid changes being made in technology, we feel the Internet will be the viable source of advertising and information for potential customers in the future. We look forward to working with you and hope you take advantage of this exciting advertising offer. Letter #98-03 (Y2K) The year 2000, also known as "Y2K" or the "Millennium Bug" crisis, requires major changes to technology systems and data bases. We started working on the "2000" project three years ago, completing it early this year. Please rest assured that Fulmont Mutual Insurance Company is "Y2K" compliant. The entire cost of this project was borne by the Company and spread out over a three year period. The NYS Insurance Department is aggressively pursuing action through targeted investigations to verify that insurance companies as well as licensed producers are or will be "2000" compliant. If you have not already done so, we strongly urge you to address this problem to ensure that your agency, other insurance carriers and associates are all 'Y2K" compliant. Please do not hesitate to can on us for further information or assistance in meeting this problem. Letter #98-04 (Inland Marine Livestock Forms) Please be advised that effective 09/01/98 for all new policies and effective 11/01/98 for all renewals, we will now be using the following forms:
This is due to a 'housekeeping' change in the forms - deleting reference to 'Perils' and replacing it with 'Causes of Loss'. If you would like a copy of the new forms, please contact your Farm underwriter. Letter #98-05 (Additional Residential Premises - Occupied by Insured) Please be advised that effective 09/01/98 for all new policies and effective 11/01/98 for all renewals, we will now be using form SF-10, 01/88, Supplemental Declarations to list coverage for Additional Residential Premises - occupied by the insured. This will replace the previously used form ML-379-Co-op and ML-70. The premium charges will remain the same. All other Additional Residential Premises - Rented to Others will remain on form ML-70. If you should have any questions, please contact your Homeowner underwriter. Letter #98-06 ("Y2K" Compliance) As a follow up to our letter number 98-03 dated June 18, 1998, we are conducting a survey regarding "Y2K" or "Year 2000" Compliance. We would appreciate if you could take the time to complete the following: 1. Name of Agency: __________________________________ 2. Address: _________________________________________ 3. Do you currently have computers and/or a computer system in your office? ________ If the answer to #3 is yes, please continue. 4.Does the hardware in your system recognize the Year 2000
date? ________ 5. Does all the software used in your system recognize the
Year 2000 date? ________ 6. Have you checked with the other companies with which you are associated to be sure they are Y2K compliant? ________ Please return this information as soon as possible, and Thank you for your assistance. Letter #98-07 (Introduction of Y2K forms, with a calendar date exclusion form) Effective immediately, please note that we will be attaching the appropriate 'Calendar Date Exclusion' form to all new and renewal policies. The forms were filed as a clarification of the Y2K issue and to restate that improperly programmed computers which may crash on 9/9/99 or 1/1/2000, or other dates before or after 2000, do not yield covered losses for that damage or ensuing damages. URB considers these forms as a 'restatement of intent,' such losses were never covered and no premium was ever charged for that exposure. If you should have any questions, please contact your underwriter.
|
||||||||||||||||
Letter #00-00 (Procedure for letters to agents) The letters we send to agents by mail will also be posted here in the agent section. You will be able to access them two ways . One way is through the news and updates by subject matter - for example the first letter of the year is usually Holiday closing - so holiday closing would be the subject. The other way is to click on the letters to agent icon. The letters will be listed by letter number - for example the Holiday closing letter is #99-01. Letter #99-01 (Holiday Closings) Our office will be closed on the following 1999 holidays
Please mark your calendar with the above dates and if there should be any changes, additions or deletions to the schedule, we will let you know. Please anticipate your insurance needs. Letter #99-02 (Entrepreneurship Series) Investigate your possibilities for new business with our new Entrepreneurship Series - Home Based Business Policy. This new program is designed to provide coverage for the policyholder operating a business from their private residence or related private structure. It provides a Businessowners Policy for a less expensive minimum premium than a regular Businessowners Policy. The policyholder can also purchase additional coverage forms which enhance our current BOP coverages. If your customer has a beauty salon or barber shop in their residence they can purchase additional coverage which will provide the state-required Beauty Shop/Barber Shop Professional Liability coverage and a variety of enhanced BOP coverages. Please review the information and contact your underwriter if you should have any questions. We are confident this new program will provide your customers with the proper coverage for their Home-based Business. Letter #98-02 (Certificates of Insurance) Recently the State of New York Insurance Department issued an important letter to New York State Licensed Producers regarding the use of Certificates of Insurance as evidence of insurance coverage. The letter advises producers "that they may not add terms or clauses to a Certificate of Insurance which alter, expand or otherwise modify the terms of the actual policy unless authorized by the insurer which has filed an appropriate endorsement with the Superintendent of Insurance and obtained prior approval, if required." The letter further states, "The Department may seek disciplinary measures against producers who continue this practice without authorization from the insurer." We are enclosing, for your review, a copy of this Circular Letter 15 of 1997 and Circular Letter 8 of l995. Any questions, please feel free to contact us.
Letter #98-02A (Mohawk Minden Merger) Fulmont Mutual Insurance Company is pleased to announce the recent merger with Mohawk Minden Insurance Company of Canajoharie, New York. Fulmont Mutual has been working with Mohawk Minden in a management capacity since 1994. We have retained their staff and the Canajoharie office will remain open as a branch office. As many of you know, Fulmont Mutual has a Web site located at www.fulmontmutual.com. We feature a "Find Your Agent" item for all people viewing our site. Fulmont is pleased to announce a special offer to be listed on our Web site to all Fulmont agents. For a one-time set up charge of $20.00, Empire Web Pages will add a web page to our site. If you complete the attached information page, we will write the copy and send it to you for your review. If you are already on the internet, we will link your Fulmont page to your site at no cost to you. With the rapid changes being made in technology, we feel the Internet will be the viable source of advertising and information for potential customers in the future. We look forward to working with you and hope you take advantage of this exciting advertising offer. Letter #98-03 (Y2K) The year 2000, also known as "Y2K" or the "Millennium Bug" crisis, requires major changes to technology systems and data bases. We started working on the "2000" project three years ago, completing it early this year. Please rest assured that Fulmont Mutual Insurance Company is "Y2K" compliant. The entire cost of this project was borne by the Company and spread out over a three year period. The NYS Insurance Department is aggressively pursuing action through targeted investigations to verify that insurance companies as well as licensed producers are or will be "2000" compliant. If you have not already done so, we strongly urge you to address this problem to ensure that your agency, other insurance carriers and associates are all 'Y2K" compliant. Please do not hesitate to can on us for further information or assistance in meeting this problem. Letter #98-04 (Inland Marine Livestock Forms) Please be advised that effective 09/01/98 for all new policies and effective 11/01/98 for all renewals, we will now be using the following forms:
This is due to a 'housekeeping' change in the forms - deleting reference to 'Perils' and replacing it with 'Causes of Loss'. If you would like a copy of the new forms, please contact your Farm underwriter. Letter #98-05 (Additional Residential Premises - Occupied by Insured) Please be advised that effective 09/01/98 for all new policies and effective 11/01/98 for all renewals, we will now be using form SF-10, 01/88, Supplemental Declarations to list coverage for Additional Residential Premises - occupied by the insured. This will replace the previously used form ML-379-Co-op and ML-70. The premium charges will remain the same. All other Additional Residential Premises - Rented to Others will remain on form ML-70. If you should have any questions, please contact your Homeowner underwriter. Letter #98-06 ("Y2K" Compliance) As a follow up to our letter number 98-03 dated June 18, 1998, we are conducting a survey regarding "Y2K" or "Year 2000" Compliance. We would appreciate if you could take the time to complete the following: 1. Name of Agency: __________________________________ 2. Address: _________________________________________ 3. Do you currently have computers and/or a computer system in your office? ________ If the answer to #3 is yes, please continue. 4.Does the hardware in your system recognize the Year 2000
date? ________ 5. Does all the software used in your system recognize the
Year 2000 date? ________ 6. Have you checked with the other companies with which you are associated to be sure they are Y2K compliant? ________ Please return this information as soon as possible, and Thank you for your assistance. Letter #98-07 (Introduction of Y2K forms, with a calendar date exclusion form) Effective immediately, please note that we will be attaching the appropriate 'Calendar Date Exclusion' form to all new and renewal policies. The forms were filed as a clarification of the Y2K issue and to restate that improperly programmed computers which may crash on 9/9/99 or 1/1/2000, or other dates before or after 2000, do not yield covered losses for that damage or ensuing damages. URB considers these forms as a 'restatement of intent,' such losses were never covered and no premium was ever charged for that exposure. If you should have any questions, please contact your underwriter.
|
||||||||||||||||
|
Agent Resources: For further information regarding our policies,
send e-mail to Copyright Fulmont Mutual Insurance Company. All rights reserved. |
||||||||||||||||
Recent Additions: