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Third Party Admin Provided by First Rate Partners.
As an alternative to investing in your own customer service infrastructure and learning along the way, turn to a company that’s been doing it right for nearly 60 years. We have the systems and the people in place to ensure that we treat every one of your customers like our customers. And, we treat our customers like family, because we believe if they’re going to do business with us, then they deserve nothing less.
We’re authorized in every state to provide third-party administration services for other insurance companies and holding companies.
Services that connect.
The first thing you should know is that we use this same system, and why shouldn’t we? We built it for ourselves and we’ll connect you with access to all mainframe and image systems (your stuff only) through virtual private network (VPN) access. You can have the same ability to access your own accounts, perform data queries, conduct audits, and produce reports that we do for our accounts.
Check out the extensive list of services we don’t just provide, but deliver.
- Accounting
- Commission processing
- Underwriting
- New business
- Policy admin
- Actuarial support
- Benefit payments
- Forms, supplies, and printing
TPA Services
Why reinvent the wheel?
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Accounting Services
More- Premium, commission and reinsurance accounting
- Policy accounting
- Account reconciliations
- Financial statement preparation
- Participation in audit process
- Tax return preparation
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Commission Processing Services
More- EIN # verification
- Licensing verification Setup, payment and tax information
- Payment by ACH
- Payment of general expenses
- 1099 processing
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Underwriting Services
More- Traditional Life (Full and Simplified Underwriting)
- Telephone interviews
- Vendor partnerships
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New Business Services
More- Policy Production/ Policy Issue / Policy Delivery
- Creation of policy structure
- Creation of commission structure
- Information stored on proprietary imaging system
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Policy Administration Services
More- Service to agents and policyholders
- Policy changes by request of the policyholder
- Billing and premium processing
- Policy reinstatements
- Dividend processing
- Surrender and loan processing
- Correspondence
- Proprietary tracking system
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Actuarial Support Services
More- In-house actuary and support staff
- Calculation of statutory, GAAP and tax reserves
- Maintenance of reserve system
- Financial statement preparation
- Asset adequacy analysis
- Other required actuarial certifications
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Benefit Payment Services
More- Verification of claims
- Investigation within contestable periods
- Payments of claims
- Payments available by ACH
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Forms, Supplies, and Printing Services
MoreWe offer comprehensive support and assistance in the creation of forms. Plus, we’re able to offer substantial savings, due to our high volume of printing. We get the best quality at the best prices from our local printer.
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This doesn’t happen overnight.
It starts with a short call, though. Let’s talk about whether we’re a good fit for what you need. Call us now at 800.422.2011 or schedule a call.
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