Become a MEMIC Agent
Agent Submission Guidelines
Required
Completed ACORD applications must include:
- General Information Application (ACORD 125)
- Workers' Compensation Application (ACORD 130)
- Signatures of both the applicant and producer on both applications
- Answers to all questions on "General Information" section of WC application
- Complete explanation of all "YES" answers
- Complete Description of Operations
- Physical location address(es)
- Number of employees for each classification
- Copy of contracts used
- Current NCCI Experience Modification worksheet
- Loss runs for current and three prior years valued within 6 months of application
- Premium and payroll history for current and three prior years
Desired
The following, while not necessarily required for preliminary quote/proposal preparation,
are desirable and may be required before release of final quote:
- Most recent audited financial statement
- Product or operations brochures
- Copy of Safety Program
- Copy of Substance Abuse Policy
- Copy of light duty/return to work programs
- Copy of Emergency Evacuation Procedures
Conditions
- Coverage cannot be bound until approved by the MEMIC underwriter.
- After approval, coverage can only be bound after MEMIC receives a deposit
premium equal to or greater than 25% of the estimated annual premium along
with the original application signed by both applicant and producer.
- Premium adjustments (credits or debits) can only be applied by the
MEMIC underwriter.
- Coverage will begin no earlier than 24 hours after the postmark on the envelope
bearing the deposit premium.
Submit
MEMIC
Underwriting
underwriting@memic.com
or
P.O. Box 11409
Portland, ME 04104
or
Fax: 207-791-3335