This post is part of a series sponsored by Actentsync.
Are your producers tired of entering (and re-entering) their answers, and every time you apply for a new license or renewal, five different ways have gradually changed slightly in the unified producer application?
If your response is “Good, too bad, if they want to comply, they have to do that”, at Actentsync, our management products and customization introductory processes hope to challenge this mindset.
Let’s pop the hood and see how management can simplify life for you and your producers and prevent you from submitting irregular apps to the state DOI.
Challenge: Unified Producer Applications
The adoption of unified producer applications for resident or non-resident permits has been transformed throughout the industry, in most cases (most) standardizing the information that manufacturers need to retain to fill out paperwork.
Unfortunately, in many cases, every time a manufacturer wants to apply for a license in NSW, they still have to fill out the application time and time again. For many states, this experience has fallen into checkbox hell, and many producers have managed to offload it to their employees.
Regarding the unevenness of producer insurance applications
One of the countless challenges in applying for producer insurance and The application of unified producers is that many states have non-unification problems. Sometimes these problems are exactly the same. But sometimes there are some differences – think about it: “If you have ever been convicted of crime…” vs. “If you have been accused of crime…” vs. “If you have been convicted of crime in the past decade, if you have been convicted of crime…” vs. “You have never been accused of crime…”
Because so many states have these uneven problems, you can’t even rely on the stable grunt of copy/paste to fix you. You have to check if you have marked all variants and answer them appropriately based on any taste of the questions on that particular state app. And if your producer happens to have a criminal background, figure out which country needs to report its own struggles.
Fill in the consequences of manual application
The app is not as horrible as before, but the status of the event still means a lot of duplicate data entry is being made for non-resident license applications, and changes in producer answers may lead to this inconsistency, triggering the yellow sign in state review. Yellow flags are not red flags – these inconsistencies do not necessarily mean that your producer’s application will be rejected. However, when someone checks data for producers where NIPR is located, they may slow down the approval process in the state.
5 ways to proxy help
Actentsync’s flagship Managy was built out of efforts to make it easier to manage manufacturer compliance, and this effort is more evident than changes in unified manufacturer license applications. Here are the best ways we can get rid of pain from producer licenses:
No. 1: Apply for liftoff
If you want to end the chase’s answer, Actentsync’s entry-level portal turns all state applications into a single source. Rather than sending producers a bunch of application libraries to fill out their sales area lists or fill them out on their behalf, our portal collects all the answers in a simplified place.
No. 2: Reduce inconsistent changes
States may always have their own taste and variation in the form of non-uniform problems applied by producers. But many changes are still full of double work and chaos. Imagine a question like “Are you a citizen?” “Are you a non-citizen?” or “Are you a non-citizen?” Answering these questions and trying to align your answers with changing wording to avoid dishonest answering or confusing yourself, can be difficult when you fill out the paperwork (digitally or otherwise) for an hour.
Actentsync’s producer portal consolidates such problems where possible to minimize the number and different changes in Deja Vu encountered by producers. This in turn increases the likelihood that your newly recruited producer actually completes onboarding and answers questions.
No. 3: Producer’s answers are saved for renewal
Producer problems usually arise when the producer’s initial licensing application, non-resident application and renewal application are inconsistent. However, these inconsistencies are often the result of simple forgetfulness, not evil plots. So what do producers do?
ActentSync saves the producers answers, so their previous answers resurface and any changes can be changed. But they don’t have to grasp past answers or memories of precise wording. Fill in a series of new questions and paperwork with walking in and having someone ask, “Is there any change?” is a difference.
No. 4: The system asks questions to the agent based on the resident permit, agent type and authorization line
Different states – This is the insurance overall. With Apstentsync, your producers obtain specific issues that are critical to them under their resident state license, their agent type and scope of authority. Do they need a specific surplus license, or is it enough for P&C licenses? Will their resident living and health permits convert in the non-resident state they want to apply for annuity sales, or will it be a different application?
These changes often cause headaches from producers because they are reluctant to answer irrelevant questions or miss the issues they need to solve. However, by baking state reciprocity rules into producer licensed applications and onboarding processes, ActSync can help you make the experience cleaner and simplified than ever before.
No. 5: Agents/carriers may designate producer tasks to narrow down or expand the scope of problems
If your producers are limited to the Kansas-Nebraska sales sector, it doesn’t make sense to get them to answer Florida’s questions. By assigning producers to regional areas, you can limit the scope of their onboarding or licensing application issues to important countries (or authoritative scope), further reducing the hassle and frustration of producer partners.
From paper to numbers to your next level
Just because you have transitioned to paper applications doesn’t mean the producer’s paperwork has ended. If there isn’t a system that actively reduces the work and frustration of producers (and your internal compliance and OPS team)!
Even after a long and arduous recruitment process, onboarding and producer licensing applications are often opportunities to discard business and lose producers. With Admentync, producer onboarding and licensing applications can be an opportunity for your business to amaze manufacturers and help them get the license they need.
Changing your onboarding and license application is just the beginning.
Management can also help agents’ customers fully understand the distribution channels and optimize their profitability through the following ways.
- Dashboards that provide advanced overviews and detailed reports that you can sort by state or sales territory
- Allows you to use licensed, dated or terminated bulk transactions in a given area to allocate channels to the right
- Instant workflows that allow operators to avoid paying for producers who never sell their products
- Hierarchical management visualizes producer calls and reflects the distributor’s relationships in all glorious complexities
- Integrate accurate data synchronized with other software to make your entire workspace more valuable and shed important data for background checks, commissions and more
Viewing other facilities allows you to operate on the next level. Schedule a demo with our team today and start starting with your future status.
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