Showing posts with label how to complete ACORD 61 CA. Show all posts
Showing posts with label how to complete ACORD 61 CA. Show all posts

Wednesday, December 3, 2014

Instructions ACORD 61 CA Overview and Table of Contents

Instructions ACORD 61 CA Overview and Table of Contents


This post is a table of Contents for the post on instructions for the ACORD CA 61 Uninsured Motorists form.


ACORD 61 CA California Auto Supplement Mandatory Offer of Uninsured Motorist Bodily Injury Coverage

http://simply-easier-acord-forms.blogspot.com/2014/11/instructions-acord-61ca-california-auto.html


ACORD 61 CA California Auto Supplement Mandatory Offer of Uninsured Motorist Property Damage Coverage

http://simply-easier-acord-forms.blogspot.com/2014/11/instructions-acord-61-ca-uninsured.html



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Thursday, November 20, 2014

Instructions ACORD 61 CA Uninsured Motorists Property Damage Coverage Offer

Instructions ACORD 61 CA Uninsured Motorists Property Damage Coverage Offer


MANDATORY OFFER

Instructions ACORD 61 CA Uninsured Motorists Property Damage Coverage Offer

AGENCY CUSTOMER ID

As with all ACORD forms with more than one page enter your agency customer ID so this page will be able to find the rest of this application if somewhere, somehow in that thing we call the business cycle they get separated from each other.

MANDATORY UNINSURED MOTORISTS PROPERTY DAMAGE COVERAGE OFFER

The wording in this section provides a description of this coverage.

Note this coverage is only available...

1 - If you have not rejected Uninsured Motorists Bodily Injury Coverage, and

2 - For autos for which you have not purchased Collision Coverage.

If you already have Collision coverage on an auto, then Uninsured Motorists Property Damage Coverage is considered to be redundant. I do not quite agree with that because I am not aware if collision coverage would pay for loss of resale value to a repaired auto which has been in an accident, but that is because I do not know the answer to that.

SELECTION / REJECTION

Select or reject ACORD 61CA


Regardless of whether you are selecting or rejecting coverage, you need to have the applicant indicate that decision on this form.

If the coverage is being selected check the line to the left of that statement and then list the vehicles for which coverage is selected. If you have more than three vehicles, use another form.

If coverage is being completely rejected, check the line to the left of that statement.

If coverage is being rejected when specifically named individuals are operating the vehicle check the line to the left of that statement and list the named individuals being excluded.

SIGNATURES




APPLICANT's SIGNATURE

Have your applicant sign here.

DATE

Have the applicant enter the date of the signing.

EFFECTIVE DATE

Enter the effective date of this coverage. Normally this will be the policy effective date, however, this can be done by endorsement during a policy period. In that case the effective date would be the date of the endorsement.


EMAIL TUTORIALS on HOW TO COMPLETE ACORD FORMS


We offer a daily and weekly email series of instructions on how to complete ACORD forms. You can sign up below....


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Instructions ACORD 61CA California Auto Supplement

Instructions ACORD 61CA California Auto Supplement



BASIC INFORMATION

Instructions ACORD 61CA California Auto Supplement

AGENCY CUSTOMER ID

As with all ACORD forms with more than one page enter your agency customer ID so this page will be able to find the rest of this application if somewhere, somehow in that thing we call the business cycle they get separated from each other.

AGENCY

Enter your agency's name here.

APPLICANT / NAMED INSURED

Enter the same as the Name on the preceding documents in this application.

POLICY NUMBER

Enter the policy number if one exists. If no policy number has been assigned yet enter TBD for to be determined. If you have a binder number enter that here.

CARRIER

The insurance company underwriting this policy. This is the company listed on the DEC page of the policy.

NAIC NUMBER

NAIC stands for the National Association of Insurance Commissioners.

Here is their website home page...

http://www.naic.org/index.htm


They assign each insurance company a five digit code. You can search for any insurance company by name on their website at this page...

https://eapps.naic.org/cis/


MANDATORY UNINSURED MOTORISTS BODILY INJURY COVERAGE OFFER


Instructions ACORD 61 CA
The offer states that the insured may reject coverage completely or accept lower limits.

This statement also defines Uninsured and Underinsured Motorists Coverage.

REJECTION OF UNINSURED MOTORISTS BODILY INJURY COVERAGE

Rejection of Uninsured Motorists Coverage
This section allows the insurer or the applicant (the insured) to...

Completely Reject Coverage, or
Reject Coverage for specially named drivers when operating a vehicle insured under this policy.

Check the line to the left of the choice that is being made.

If you are not rejecting coverage, do not check anything here.

If you are rejecting coverage for specifically named drivers, enter the names of the excluded drivers here.


LOWER LIMITS for UNINSURED MOTORISTS BODILY INJURY COVERAGE

Accept Lower Limits for Uninsured Motorists Bodily Injury Coverage

The insurer and the insured may decide to accept a lower limit for Bodily Injury Uninsured Motorist.

If that is the decision, check the line to the left of the text stating that decision. Just after the dollar sign ($) enter the lower limits which have been accepted.

APPLICANT's SIGNATURE

Have your applicant sign here.

DATE

Have the applicant enter the date of the signing.

EFFECTIVE DATE

Enter the effective date of this coverage. Normally this will be the policy effective date, however, this can be done by endorsement during a policy period. In that case the effective date would be the date of the endorsement.


EMAIL TUTORIALS on HOW TO COMPLETE ACORD FORMS

We offer a daily and weekly email series of instructions on how to complete ACORD forms. You can sign up below....


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