How to Complete the Remarks and Prior Carrier Section of the ACORD 125
REMARKS / PROCESSING INSTRUCTIONS
Very little space is given here. Remember you can always use the ACORD 101 Additional Remarks for for more space.
This is a free form text entry box where you can add any information you wish. I recommend you use it for things you may have put in your cover letter to the underwriter. That letter will likely get lost somewhere, but the application will remain for years.
PRIOR CARRIER INFORMATION
This Section is continued on the next page with room for two more years of prior carrier info.
For each of the lines of business listed - General Liability, Automobile, Property and Other - enter the...
Year - I know that you are also asked for the effective and expiration dates. If your policy covers two calendar years show the year the in the effective date.
Carrier - The name of the specific company in the group. Example list Charter Oak instead of Travelers.
Policy Number
Premium
Effective Date
Expiration Date
Some underwriters appreciate having copies of the actual declaration pages of previous policy. You can scan and attach those to the application.
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