Advisors

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Benefits for Advisors

 
SIMPLIFIED CONTRACTING

  • Speed up new contract requests with pre-filled information from your profile and electronic transmission to MGAs and Carriers.
  • Eliminate the use of paper applications, delays, and misplaced forms with an easy to use, digital solution giving you more time to prospect, sell, and service clients.
  • Simplify the process by accessing MGA and Carrier contracts through your secure profile.
  • To make it easy, APEXA uses electronic signatures for contract applications.

CONSOLIDATED ADVISOR PROFILE

  • Update your profile easily. Changes to your personal and business information are automatically shared with your MGAs and Carriers. 
  • Manage high priority items that require immediate action via real time system alerts and notifications.
  • Access your MGA and Carrier contracts and selling codes in a single location.

MANAGES COMPLIANCE RISK

  • Avoid lapses in your license and E&O coverage through automated notifications and alerts. View your compliance status through a digital connection with your MGA and Carriers.
  • Alert partners of renewals and updates without delay. Update your profile and MGAs and Carriers will be notified.
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MGAs & Carriers

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Benefits for MGAs & Carriers


SIMPLIFIED CONTRACTING

  • Reduce contract cycle time by eliminating not in good order APEXA prevents contracts from being submitted until all requirements are met.
  • APEXA validates the Advisor’s license, E&O and consolidates background information so you can start to process the contract immediately upon receipt.
  • Contracts are electronically stored, signed and submitted through APEXA. No more chasing paper. 

CONSOLIDATED ADVISOR PROFILE

  • In addition to license, E&O, contracts and personal information, the profile contains a current credit profile and criminal checks for new contracts.
  • Automatically update your back-office systems when an Advisor changes personal or business information (license, E&O, contract status, banking, address etc.) through APEXA’s standard CITS format.

MANAGES COMPLIANCE RISK

  • Meet industry standards for Advisor suitability guidelines.
  • Monitor ongoing Advisor compliance such as license, E&O renewals, and financial health through automated notifications and alerts.
  • Stay current on changes to the Advisor’s risk profile through the Advisor attestation process.
  • Receive alerts on new disciplinary actions, supervision by another Carrier or unrecoverable debt with an MGA.
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