How to Complete the ACORD 45 Additional Interest Form

ACORD 45 Additional Interest Section

This first lesson is short, but the second lesson seemed too long to combine. My goal is to not have more than five minutes of reading in any one post.

The top section of the ACORD 45 form asks basic questions which allow the form to be a part of the rest of the application. This is helpful if you are sending your underwriter a bunch of separate pieces of paper or separate PDFs.

If you are using our Cap Dat ACORD service you will combine all these forms into one larger form. This has the advantage of keeping all the documents together for your records and your underwriter. It also means the inputs in the section like the top section of the ACORD 45 will automatically pre-fill with data from the other forms.

AGENCY CUSTOMER ID: this is any internal agency customer ID number your agency management system may have assigned. Older agency management systems still use this type of out of date file structure. This does not have to be filled in.

DATE: Enter the date your are completing this form.

AGENCY: Enter your agency name. If you name is a common agency name - for instance Home Insurance - you should probably also enter your city and state.

CARRIER: The name of the insurance company to whom you are sending this application.

NAIC CODE:  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/

POLICY NUMBER: If the policy is a renewal or the policy number has already been assigned, enter that number here. If this is a request for a new business quote there will be no policy number, so leave this blank.

EFFECTIVE DATE: The date the coverage under this policy should begin.

NAMED INSURED: The name of the insured from the form to which this document is attached.

BOTTOM of FORM

The bottom section of this form is blank because there is not enough room to add another additional interest info block. You just leave this blank.

I hope this helps you learn how to complete the ACORD 45 Additional Interest Form.


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