Congratulations on submitting your application to the carrier. Don’t forget to continually check the status of the applications to make sure everything is going smoothly. This is a common oversight with new agents and we highly encourage you to check your pending business at least twice a week.
Once the policy has been approved, issued, and mailed, you will need to schedule a time to deliver the policy. Included with the policy will be a policy receipt and possibly an amendment that may be required from the carrier before you will get paid. The policy must be signed by the client when you deliver the policy. This is a very important part of the process to ensure the policy has been delivered and accepted by the client. In some cases, if these policy receipts are not received in 60 to 90 days, the carrier will cancel the policy. You WILL be notified by email and or a letter in the mail before this happens.