| 1. |
Fax Acord™
applications to our Dallas office at (972) 203-8206. (Other
company applications are acceptable for binding purposes
only.) |
| 2. |
Applications received
in our office before one o'clock will be processed and
a binder will be faxed to your office the same day. If
you need a rush binder for loan closing, please show "Rush
for Closing" and date of closing on your request. |
| 3. |
On your transmittal
sheet to us, please state the coverage applied for and
the requested effective date. (Example HO-A w/ water +
RCV on Dwelling, April 27, 2005) |
| 4. |
Within seven (7) working
days send us the original Acord™ application with
Agent and Insured signatures, two (2) color photos of
the insured property and net premium. Turner will order the inspection for you. We will mail the policy to your
office for delivery to the insured. |
| 5. |
Surplus lines tax of
4.85% and stamping fee of .10% is to be charged on the
total premium, including the inspection and policy fees. |
| 6. |
It is your responsibility
to bill the mortgagee for the total premium on new business.
A copy of the binder or declaration page may be used for
this billing. |
| 7. |
On renewals we will DIRECT
BILL the mortgagee, UNLESS YOU REQUEST OTHERWISE. |
| 8. |
Premium Financing is
handled through TFS Funding, L.L.P. The financing program
offers Turner agents 15% down. If you need financing please
go to www.tfsfunding.com
and click on New Agent.
|
| 9. |
Your commission is a
straight 15% of the pure premium and Turner will order
the inspection for the agent. |
