Firms & Institutions

Jim Friend -

Firms & Institutions is a separate entry within SureLC that allows you to manage information on Business Entities and Institutions your agency works with.  This article describes:

 

ADDING BUSINESS ENTITIES (FIRMS) AND INSTITUTIONS

There are 3 different ways you can add a new business entity to SureLC:

1. Within a Producer's Profile WITH Pulling from NIPR:

Most agencies prefer to pull the Business Entity's PDB Report from NIPR when adding the producer's business entity to SureLC.  Pulling information from NIPR, eliminates manual data-entry and SureLC will also automatically pull license details and synchronize the business entity's license details on a weekly basis as provided by NIPR. To pull the information from NIPR enter the EIN for the business and then click Retrieve from NIPR

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2. Within a Producer's Profile WITHOUT Pulling from NIPR:

On a producer's profile inside of SureLC, click DBA then select Business Entity from the options shown.

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Next enter the EIN and select Create without NIPR. Note that as of November 22, 2019 this option is ONLY available if the EIN is not found in the NIPR database.  Adding a business entity without pulling from NIPR does not charge your SureLC account the $3 NIPR Recovery Fee and that state license details for the Business Entity are not pulled from NIPR.

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3. Adding an Entity Without Associating the Entity with a Principal

Open SureLC. Click Firms & Institutions, then click the Add Firm button on the top right.   

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 The following screen will be displayed. Enter the required information in the fields provided and then click Add Firm

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MODIFYING INFORMATION FOR BUSINESS ENTITIES (FIRMS) AND INSTITUTIONS

At times, it may be necessary for you to modify information about a business entity.  There are multiple ways to access the business entity's information in SureLC.

Option 1 - Accessing Entity Information  

Open the Principal's SureLC profile.  The Principal is the owner/officer of the business.  Click DBA in this producer's profile then, click Firm Profile.  A new window will open with the Firm's profile information where it can be modified as needed. 

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Option 2 - Accessing Entity Information 

Open SureLC, click Firms & Institutions and search for the entity to change. Double click the row to open the profile. 

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Editing Information

The firm profile is made up of 4 tabs which are shown on the bottom of the screen. Click the respective tab review the information and modify as needed. 

FIRM TAB 

This tab shows all of the information auto imported from NIPR when using the "Retrieve with NIPR" option when registering the firm.   

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LICENSES TAB

The licenses tab will show ALL of the firm's active licenses imported from NIPR. If the firm was registered with NIPR and added manually to SureLC licenses will also have to be added manually using the "Add" button. 

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EFT TAB 

The EFT tab will shows the firm's current bank routing number and account number where the producer's business would like to be paid commissions from the carrier. This only applies when the producer linked to the firm account is setup as a business entity on their DBA tab. 

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CONTRACTS
 TAB

After initial registration this tab will have limited information imported from NIPR. As new carrier appointment request are completed for the business entity these contracts will be shown here. 

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FREQUENTLY ASKED QUESTIONS

Q1. I'm in a producer's profile and I see the producer's Business Voided Check.  However, I'm not able to modify the producer's Business Account Voided Check.  How do I do this?

A1. It's best to go directly to the Business Entity's profile to make the change.  See the steps above, go to the Entity's EFT Tab and make the necessary adjustments.

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