Submit Policy Assignment: Difference between revisions

Revision as of 07:28, 11 March 2025

This Equinox Procedure is for Agents. Find a complete list here.

This procedure explains how agents can request a policy assignment. A policy assignment transfers an NFIP policy from the current policyholder to a new policyholder due to a change in ownership.

Procedural Steps

1. Complete the Form

The following details must match exactly on the prior declarations page or renewal bill.

All policyholder's names
Property Address
Prior Policy Number
Prior Company Name
Prior Company NAIC Code
Policy Expiration Date to New Policy Effective Date

2. Access Policy Record

An image showing the "Policy Changes" menu along the right side of the page. — Use the "Policy Changes" menu along the right side of the page.

Open the Policy Record to start

To quickly navigate to the Policyholder section:

Find the Policy Actions block on the right
Choose Policy Changes
From the next menu, click the Policyholder or Co-insured option

Otherwise, scroll down to the Policyholder section manually.

3. Add, Edit, Delete

4. Choose Effective Date

Choose "None" for the Waiting Period and select the appropriate Policy Change Effective Date.

Scroll to the top of the page to enter the effective date.

Enter the appropriate date.
Backdating to the inception date is allowed for corrections.
Choose "None" for the Waiting Period.

The Policy Change cannot be completed without choosing an effective date.

5. Review and Submit

Review the changes for accuracy and completeness before finalizing.

Once the effective date is entered, click the Issue button.

The "Abort" button will exit without saving any details.

Click the Issue button to finish the policy change.

The system will process the change immediately.

A Declarations page with the updated information will be available in the Documents section of the Policy Record.
If a Renewal Notice exists and the policy has not expired, then a new Renewal Notice will be sent.

This page contains details about NFIP Policy Changes.
Find more NFIP information in the How To Endorse section of the Flood Insurance Manual.

@@ Line 11: / Line 11: @@
 |title = 1. Complete the Form
 |content =
-{{Box task
+{{Box task review
-|image   = Img-proc-actions-change-insured.png
+|file = [[File:Form-Policy-Assignment-01.pdf|200px]]
-|size    = 200px
+|info =
-|alt     = An image showing the "Policy Changes" menu along the right side of the page.
+The following details must match '''exactly''' on the prior declarations page or renewal bill.
-|caption = Use the "Policy Changes" menu along the right side of the page.
+* All policyholder's names
-|text    = <big>'''Open the [[Policy Record]] to start'''</big>
+* Property Address
-To quickly navigate to the Policyholder section:
+* Prior Policy Number
-* Find the '''Policy Actions''' block on the right
+* Prior Company Name
-* Choose '''Policy Changes'''
+* Prior Company NAIC Code
-* From the next menu, click the '''Policyholder''' or '''Co-insured''' option
+* Policy Expiration Date to New Policy Effective Date
-Otherwise, scroll down to the Policyholder section manually.
 }}
 <!-- END OF COLLAPSIBLE SECTION -->