Process improvement at Annual Review

Following engagement with our insurers, we are pleased to announce a change to our annual review process that we hope will make your lives, and the lives of your clients, simpler.

With effect from July 2017 reviews, when there is no change of structure on the annual review of a scheme, the insurers will accept an Acknowledgement of Receipt form signed by the recipient of the review, and that may be you as the broker or your client. This form will be included as part of the annual review notification that is sent out prior to review date.

The new rates and proof free limits will be effective from the review date as set out in the review letter and so it is still important that the client is notified of any changes timeously to avoid over or underpayment of premiums.

In the case of a change of structure or underwriter, the insurers will still require a full Acceptance Form signed by the client.

If you have any questions or concerns, please feel free to let us know, but we hope this will make the annual review process a simpler one for you and your clients.

Thank you and regards,
The TSA Team

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All information provided is intended to inform and explain, but please remember to always check the current terms on policies when considering options and advising clients.

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