Broker of Record Change

[icinsurance]

Hello, I hope I can get some help with this.
The situation , we are a new brokers licensed in ca, with Kaiser and the rest but now Our cousin have large group policy with kaiser and he likes us to be the broker of record.

To change the broker of record for individual is easy but for the large goup anyone knows how we can do it . we are concerned with administrative part of it .

My cousin large group policy with Kaiser coming due in March 2011 . Any input !!!!!

Thanks ahead,,
We are in California I will change the Alabama flag later

 

[leevena]

Agent of Record letter changes are simple. The employer issues one, on their letterhead, by an authorized person of that employer, stating the old broker, new broker name, and effective date. I would also check the old carrier's contract. There may be a protection clause for the current broker.

 

[GreenSky]

AOR letters are accepted by Kaiser and all other carriers in CA for group.

Rick

 

[somarco]

Define large group . . .

 

[GreenSky]

Define large group . . .

More people than a smaller group.

For example, 5 people is a larger group than 3.

I thought you were in this business for awhile.

Rick

 

[leevena]

More people than a smaller group.

For example, 5 people is a larger group than 3.

I thought you were in this business for awhile.

Rick

I thought California legislation categorized small group as 2-50 and large group above that? Am I missing something?

 

[GreenSky]

I thought California legislation categorized small group as 2-50 and large group above that? Am I missing something?

Yes, a sense of humor.

Rick

 

[somarco]

5 people is a larger group than 3.

I thought you were in this business for awhile.

Can't believe you posted that.

5 people at 200# each is larger than 3 at 150# each, but 3 at 400# each is larger than 5 at 200#.

You really miss a lot of details at your age, don't you?

 

[dyadvisor]

"
Are all employer group health insurance policies the same?

Many people don't realize that health insurance is issued differently for different types of employers,and that, because insurance is regulated at the state level of government, the laws regarding health insurance offered by the different types of employers can vary significantly from state to state. Millions of Americans work for small employers, which for health insurance purposes are generally those with 50 employees or less. Millions of other Americans get their health insurance coverage through large employers. Generally, those are business with more than 50 employees. The laws about how coverage can be issued to large groups are different than those for small groups, and the way that premium rates are determined is also different. The requirements for sole proprietors purchasing health insurance coverage also vary on a state-by-state basis."
---same as 40 years ago---

 

[taterpeeler]

Can't believe you posted that.

5 people at 200# each is larger than 3 at 150# each, but 3 at 400# each is larger than 5 at 200#.

You really miss a lot of details at your age, don't you?

You people are making my head hurt.... please stop... its to close to christmas....