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POLICY Effective Date 2/1/2008 Last Revised 4/20/2015Policy Title: Agent of Record Takeovers Page No.9AOR DRAFT SAMPLE LETTER For Existing Enrolled BCB SNC Groups To be accepted ONLY on Groups letterhead
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Agent of record takeovers refer to the transfer of an insurance policy from one agent or agency to another.
Insurance agents and agencies involved in the transfer of policies are required to file agent of record takeovers.
Agent of record takeovers can be filled out by providing details of the policyholder, the old agent, the new agent, and the reason for the transfer.
The purpose of agent of record takeovers is to ensure that all parties involved in the transfer of policies are properly documented and informed.
Information such as the policy number, policyholder name, effective date of transfer, old agent information, and new agent information must be reported on agent of record takeovers.
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