Acronyms
The named agent listed for a client's policy, they are usually the direct point of contact for the customer's policy. Their agency receives commission for the policy.
What is AOR?
These agents were appointed through BTIS Corporate
What is a BTIS Retail Agent?
This is where an appointed agent can access their current clients and start or bind quotes.
What is the Agent Portal?
The LOBs and COBs that NEXT covers.
What is our Appetite/Risk?
The named wholesaler/agency aggregator/broker who connected the Agent/Agency on Record with insurance products for their customers.
What is BOR?
Not appointed by a wholesale broker, these agents applied on the NEXT public website. If onboarded, they have a direct contract with NEXT and receive commission from us.
What is a Direct Appointment?
NEXT's internal database that will show all listed agents with Agent Portals. Used by AST and the Appointments Team to oversee agent accounts.
What is Magpie?
When an agent has been approved for a direct appointment. At this point in time, we are working with them to obtain the necessary documents to get them portal access and ready to bind policies.
What is Onboarding?
ACORD Cancellation Request/Lost Policy Release form
What is LPR?
An agency that has been identified as being capable of producing $5M or more in total commercial premium. These agencies are expected to produce between $30K-$50K per month to maintain appointment.
What is a Premier Appointment?
This feature is available in the Agent Portal and acts like a smaller PINFO. The agent can search by COB, activity, or ISO Code within a specific state and be shown which LOBs are available, which ISO Codes are included, and related COBs.
What is the Appetite Checker?
The stage after completing their onboarding. At this point, the agent is in the system and ready to bind policies through their agent portal. We consider them to be "portal ready".
What is being Appointed?
Provided by the International Organization for Standardization to organize and classify similar risk-rated industries into codes. These codes are then used by insurance companies to assist determining a policy's premium.
What is ISO Class Code?
The middle ground between Express and Premier Appointments. They don't bring in as much written premium as Premier agencies, but can be moved between sections if they grow.
What is a Standard Appointment?
Agencies with this enabled with be able to discuss and submit service requests for accounts bound or quoted by colleagues within their agency.
What is Agency Collaboration Enabled?
This is the commission that has been paid to the agent/agency as of that time for the premium that has been paid for a client's policy.
What is Earned Commission?
National Council on Compensation Insurance
What is NCCI?
Are required to sell only one policy per month.
They must also have an active resident license.
What is an Express Appointment?
Agencies with this disabled will need additional verification steps in order to discuss and submit service requests for accounts bound or quoted by other agents, even colleagues within their agency.
What is Agency Collaboration Disabled?
Works with out Premier and Standard Agencies as Account Managers.
What is a Senior Small Commercial Sales Representative or Territory Manager?