Doing away with carrier sub-companies

Started by JohnGage, July 20, 2011, 08:56:31 AM

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JohnGage

We are considering doing away with sub-companies in TAM.  All Auto Owners policies would be coded ICO & BCO as AO and the fact that the policy is written in Southern Owners wouldn't be represented in TAM.  Aside from obviously not being able to run a report of all my Southern Owners policies is there any other downside to doing this?
John Gage
Systems Admin
Knight Crockett Miller Insurance Group - Toledo, OH
4 locations in Ohio and Indiana

53 users TAM Online

Jeff Zylstra

Several types of download issues would be the first thing that comes to mind.  Since the NAIC codes are transmitted in download, policies from Southern Owners wouldn't match the NAIC code for Auto-Owners, and they would probably all go to suspense.  I'm sure that there are other issues, however.

Out of curiosity, why are you considering this? 
"We hang the petty thieves, and appoint the great ones to public office"  -  Aesop

DebAmstutz

We did that last year, and I guess everyone likes it and has no problem with it as I've not heard any complaints.
Deb Amstutz
Missing TAM 5 days a week

Sherry Burrell

Also certificates and binder will show the wrong issuing company.  We have had issues with that.
Sherry Burrell
Oakbridge Insurance Agency-Duluth GA
Epic Online w/CSR24, +500 users

JohnGage

I understand the NAIC code issue.  I would move the Southern Owners NAIC code to the Auto Owners file and, I believe, download would run properly.

Currently we run 2 TAM systems, one for the main office and another for our branches.  (Why?! - good question but probably for another thread)  The carrier code lists between the systems are inconsistent.  As we prepare to start renaming carriers it came up why do we need these sub-codes anyway? 

I am aware of the potential issues with proofs and needing correct carrier name/NAIC code.  As the Sys Admin I've forward that concern to the insurance folks, not sure how comfortable they are with that.
John Gage
Systems Admin
Knight Crockett Miller Insurance Group - Toledo, OH
4 locations in Ohio and Indiana

53 users TAM Online

Alice

Earlier this year I was asked to consolidate all the sub-companies for those that had them. We had 17 for Travelers alone. Using that as an example, I created one main code for Travelers (TRA) and added all the sub-companies under Company Addresses. As long as the NAIC code is entered for each company listed and is unique for each, there will be no download issues. The main code TRA does not have an NAIC code entered. As far as I know we don't do certs, or no one is complaining about the name not being correct. It isn't for everyone though. And it prevents data entry errors since if the users cannot figure out which company to use, they use anything almost ensuring the download will go to suspense.
The good folks in these groups helped me understand all this and it all turned out great!

GeorgeW

That is correct, just need to enter all the NAIC codes in the Auto Owners file.

On a different note, I seem to remember an issue of some sort with have 2 digit company codes and remember us having to go through and rename all of our 2 digit company codes to 3 digits.   Can't remember the issue, just know we had to do it. Anyone remember anything about this?

Quote from: JohnGage on July 20, 2011, 10:43:21 AM
I understand the NAIC code issue.  I would move the Southern Owners NAIC code to the Auto Owners file and, I believe, download would run properly.
George Watson
AssuredPartners NL, Louisville, KY
Epic 2022 R2, MU2

Lance Bateman

I think that was an issue either with the start of 9.x or 10.x - but I haven't seen any issues currently (we're on 10.8)

Jim Jensen

Even if fixed now, I would still avoid 2 letter company codes (use AOI instead) as the problem could easily come back - it's still dbase programming.

One other potential issue is commissions. They differ by writing company in AutoOwners. If you input the commission %'s, you'll have to use the product level to choose the commission level.
Jim Jensen
CIC, CEO, CIO, COO, CFO, Producer, CSR, Claims Handler, janitor....whatever else.
Jensen Ford Insurance
Indianapolis

brinkerdana

Check with your DOI/State to determine if the insuring company must be shown on vehicle ID cards as they are here in CA.

Dana Brinkerhoff
Retired

mblack

Yeah ... I was just thinking Auto Id cards.  Wouldn't fly here in NY as you have to have the correct carrier listed for the barcode to match-up.  Also I know someone mentioned COI's.  If you aren't doing them, then great. If you are, you'll need the correct carrier listed.
Margaret Black
mblack@ambins.com
Allan M Block Agency, Tarrytown, NY
ASCnet PAC - Customer / LEAD - Nominations
TAM 12.5.3 25 users, W2008 Server, Office 2007, Exchange, @vantage 9.0, Ezlynx Rating

Jason@KiteTech

Quote from: brinkerdana on July 20, 2011, 07:16:42 PM
Check with your DOI/State to determine if the insuring company must be shown on vehicle ID cards as they are here in CA.

Bingo.  The paperwork (certs, etc.) is the only hurdle in this.  All the download concerns can be addressed.  In fact, consolidation actually makes things easier from a download perspective.
Jason Gobbel

The Kite Technology Group