Binding Authority Changes

Binding Authority Changes

Effective October 15, 2015

Due to Companies changing guidelines with regards to binding authority timelines, Stroud National Agency, Inc. is changing procedure with binders.  Binders will be issued to the agent once we have a completed package for new business. This will include:

Completed, signed application

Costimators for all dwellings  (Barns over $100,000 with ACE)

Clear, color photos of all structures, all sides

Printed Loss History on the Insured – 3 Years

Any Required Questionnaire or Supplemental forms