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SI
Premium Plan specializes in financing policies written with
Strickland Insurance Brokers and other carriers. (SIPP
does not finance personal auto or motorcycles.) |
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***Update****
Worker's Comp Premiums must be $1000 or more
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SIPP has a
built in calculator that will assist you with premium finance
calculations. |
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In order to
view contract you must have Adobe Reader installed. |
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Down
Payment Options: |
20%
Down Payment on all policies that do not have a policy fee, tax or
require
a Form E filing. |
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| 35%
Down Payment on worker's comp policies and policies that have policy fees, tax or require a Form E filing. |
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| Payment
Plan Options: |
| 2
Pay | 3 Pay | 4 Pay | 6 Pay | 8 Pay |
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| Due
date of first monthly payment is based on the effective date of
the policy. Example: Policy effective 3/14/01, the
first monthly payment is due 4/14/01. |
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| The
Premium Finance Contract must be signed by the named insured.
If there are two named insureds, the first named insured listed on
the application/policy must sign. If the insured is
incorporated, an officer of the company can sign as long as they
list their title with the corporation beside their signature. |
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| SIPP
distributes a coupon booklet to the insured after the contract is
processed in our department in lieu of billing each month. |
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| Example:
If the contract is on the 8 pay plan, the insured will receive a
thank you letter along with 8 coupons including 8 labels to remit
payment to SIPP. |
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Click here
for a copy of the contract in PDF format. |
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Insurance
Premium Finance Agreement
Request
by Insured for Separate Contracts |
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