Premium Finance
Every premium finance agreement checked before funding, and every cancellation notice sent on the state’s clock.
Why it matters
Agents send agreements with mismatched premiums or missing signatures; missed installments then trigger state-specific notices and unearned-premium returns tracked in spreadsheets.
How the solution handles it
Agents read each agreement and match premium, down payment and coverage to the quote and declarations. They watch installments, draft the notice of intent to cancel and the cancellation request on each state’s dates, and reconcile the unearned premium the insurer returns. An operations manager approves funding and every notice.
How a premium finance file moves
Five agents check the agreement, match the policy, watch installments, draft notices and reconcile returns; an operations manager approves each step.
What it reads, and what it hands back.
What goes in
- Premium finance agreement
- Insurance quote and policy declarations
- Agent and insurer details
- Installment payments
- Unearned premium returns
What comes out
- Checked agreement, ready to fund
- Notice of intent to cancel, on the state clock
- Cancellation request to the insurer
- Unearned premium reconciliation
Who uses it
The difference, in numbers.
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
“Target” = design goal, measured in the live solution · “Estimated” = our estimate · NY Banking Law §576: 10 days’ notice plus 3 for mailing; insurer returns unearned premium within 60 days · rules vary by state
5 specialist agents. One person decides.
More in this division.
Every bridge loan’s exit tested at close and re-tested monthly, so a weak refinance shows up while there is time.
Fix-and-FlipEvery flip sized on the lesser of cost and after-repair value, and every draw checked against the scope.
Litigation FinanceEvery funding request read and screened in a day, so lawyers spend their time on the few worth a deep look.
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