How to Complete the ACORD 125 Agency Information Section
The first section is so short, let's do two today.
Date of Application
This is the easy one. This is the date you are finished with the app and sending it to your underwriter.
Agency Information Section
This is your agency name, agency address for mailing purposes.
In Cap Dat ACORD this information is auto-filled from your agency profile.
So I guess both are easy.
Below your Agency's Name and Address, you enter your personal information.
This is for you the agent, producer, sales rep, account executive - whatever your agency calls you. You are the person the underwriter will be contacting to get more information and to return a quote. That is the main purpose of this section.
CONTACT NAME: The agent to whom this account belongs.
PHONE: Your direct phone line, or main number if your agency has no individual direct lines.
FAX: Your agency fax number if for some reason your agency still uses a FAX machine.
E-MAIL ADDRESS: This should be your business email. Follow the logic of using your personal mobile device above and the same applies to personal email addresses. It is a terrible idea for both you and your employer.
CODE: This is your agency code with the specific carrier to whom you are sending this application.
SUB CODE: This means sub-producer code. This is your individual sub producer code with this specific carrier. The reason for entering this is to make paying you commissions easier for your agency.
AGENCY CUSTOMER ID: This is the ID number assigned by some back office system somewhere. Maybe your agency back office system or the carrier back office system. This is probably left blank most of the time.
If you are using Cap Dat ACORD all this information will pre-fill this section from your profile.
I hope this helps you learn how to complete the ACORD 125 commercial insurance application agency information section.
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