Instructions for ACORD 81 Personal Inland Marine Application

How to Complete the ACORD 81 Personal Inland Marine Application

Instructions for ACORD 81 Personal Inland Marine Application

The ACORD 81 Personal Inland Marine Application is the most common inland marine form used by the average insurance agent. It is where you make up for many of the standard homeowner policy limits on items such as jewelry, furs, golf clubs, china, silverware and more.

Learn to use it well and you can protect yourself and your agency from unpleasant consequences down the road.

AGENCY INFORMATION

DATE - the date you are completing this document. Enter it in the 01/01/2015 format to make it easier for computer systems to get the date correctly. You know computers are not all that smart yet. We still have to hold their hands.

AGENCY INFORMATION - Enter the agency name and address.

CONTACT NAME - the agent / producer's name.

PHONE (A/C, No, EXT) - The producer's work phone number. A/C stands for area code. "No" stands for number. "EXT" stand for extension.

FAX (A/C, No) - the producer's FAX number. A/C stands for area code. "No" stands for number.

E-MAIL ADDRESS - the agent's work e-mail address. It is a prudent idea to never use your personal e-mail address for your work e-mail. It is also a very good idea to not use a personal mobile phone or tablet fro work. Don't get your work e-mails or text messages on your phone or personal tablet. If you do use your personal devices and you ever leave your current agency, just by having that information on your personal device you will have violated privacy laws. You do not need to be charged with a felony for this, so don't use your personal cell phone, email or devices for work.

CODE: The producer code assigned by the carrier to your agency.

SUBCODE: The producer code assigned by the carrier or your agency management system. You really want to do this if this is used for determining your commission at the end of each month.

AGENCY CUSTOMER ID: The customer ID number assigned by your accounting or management system if that system is so old it still uses customer numbers instead of names.

POLICY INFORMATION

POLICY NUMBER: If the policy has been issued, enter the policy number here. If not you should either enter TBD for "to be determined" or leave blank.

PLAN: If your insurer has a product code and you happen to know it for some reason, enter that here. Otherwise leave this blank.

FACILITY CODE: If this coverage is in an Assigned risk plan, a FAIR plan or some similar market facility, enter the code and name of that plan.

EFFECTIVE DATE - the date coverage under this policy begins.

EXPIRATION DATE - the date coverage under this policy ends.

CARRIER INFORMATION

ACORD 81 Personal Inland Marine Application Instructions

CARRIER - enter the name of the insurance company which is being asked to provide the insurance requested on 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/


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