September 2002
'Tis The Season!   One Stop Shopping    Are You Using the Right Tools?    Drawing Out A Plan    Examining Your Market    In the Spotlight
 

Articles:

September 2002 Issue

Published monthly by United American Insurance Company for the dissemination of information to its Agents. Home Office permission must obtained prior to reproduction or other use of this material.

© Copyright 2002, United American Insurance Company,  McKinney, Texas
All rights reserved.

 

 Editor's Notes:
4 Interest Rate Set
The Lifestyle Annuity new money interest rate for September is 4.00 percent. Rates will continue to be reviewed and adjusted accordingly.

4 Attn: All Agents

Health Replacements
Effective Nov. 1, 2002, the U1318 Health Replacement Form is now required regarding Accident and Sickness insurance in Delaware, Hawaii, Indiana, Kansas and Massachusetts. The U1318 Replacement Form must be completed by the applicant and Agent if a replacement occurs.

Life Replacements
Effective immediately, Arkansas, Maryland, Montana, New Mexico and Vermont have adopted new NAIC model regulations regarding Life and Annuity replacements. For this reason, a new Replacement Notice Form REPNOT/00 and Certification Sheet CSM 06-01 must be completed and signed by the applicant and Agent if a replacement occurs. We have previously announced these new regulations regarding Life and Annuity replacements for the following states: Colorado, Hawaii, Iowa, Louisiana, Mississippi, New Hampshire and Oregon.

You can order these replacement forms by contacting Agent Supply at (800) 285-3676.


4 Attn: Health Agents
Our underage hospital plans were developed some years ago, and the average hospital daily room rates have risen. As a result, in the states listed below Agents will be allowed to add an indemnity plan — Plan HMXC up to $100/day to either the GSP or the HSXC. The states are: Arizona, California, Colorado, Florida, Illinois, Maryland, Michigan, Missouri, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas and Utah. This addition will help compensate for the lower room rates provided for in the base policy.

4 Attn: Virginia Agents
At the request of the Commonwealth of Virginia State Corporation, Commission Bureau of Insurance, all Agents licensed to sell insurance in Virginia are required to review the following:
 
1. Commission’s Administrative Letter 2002-9, dated July 26, 2002. This letter references insurance activities requiring persons to be licensed.
2. Commission’s Administrative Letter 2002-8, dated July 26, 2002. This letter references changes in laws governing licensing of various types of insurance Agents and procedures.

For access to this information log onto: www.state.va.us/scc/division/boi/webpages/administrativeltrsselection.htm.


4 Have a question? Log on.
Visit our Web site at www.uageneralagency.com/office. This site provides you with a link titled “Got a question? E-mail us!” The Agent Service Center will respond within 24 hours. This site also provides you with forms, information and guides to help keep you up-to-date. Check it out! It is all just a click away!

4 As America Remembers, United American Remembers
On Sept. 11, 2001, our country changed, our world changed and our lives changed. Now, a year later, we are looking back and remembering.

As I look back on that sunny day last September, I am filled with hope. I hope we as nation can move forward, and I hope we as citizens of the world can learn to focus not on our differences, but on our similarities. It is my hope that by focusing on what makes us the same, we may come to appreciate what makes us unique. I also hope no one else has to experience what we as Americans experienced Sept. 11.

Let us move forward, but let us not forget!
Brenda Frizzell, Editor

 

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