ACCEL’s GreenLight™ Diligent Effort Platform is an automated system that automatically requests, tracks, submits and stores required diligent effort activities for surplus lines brokers.
Diligent effort, also know as diligent search, can present enormous headaches for surplus lines brokers.
With many states requiring surplus lines brokers to authenticate that their retail agents receive coverage declinations from the admitted market before binding a surplus lines policy and each state presenting different requirements and different forms, it is all too easy for mistakes and omissions to be made.
The GreenLight™ Diligent Search platform from ACCEL Compliance was designed specifically to automate and streamline this tangled process.
BENEFITS TO THE SURPLUS LINES BROKER
Streamlined, standardized process for capturing, tracking and storing surplus lines declinations.
Efficient and accurate readiness for internal and state regulatory compliance audits.
Free-up staff and resources for value-added business activities.
Fingertip access to all diligent effort detail for every bound policy.
Makes the diligent effort process easy for retail agents.
Eliminates cumbersome record-keeping by internal teams.
BENEFITS TO THE RETAIL AGENT
Easy, menu-driven completion of diligent effort requirements.
Drag-and-drop document upload eases submissions.
E-signatures eliminate scanning, faxing and other manual steps.
Friendly email reminders customized to deadline schedule.
Core policy information captured automatically, saving manual steps.
OTHER KEY FEATURES
Workflow and Document Management
Creates, circulates, populates, and manages state specific documents and forms.
Reporting and Management Dashboard
Tracking and reporting on workflow status plus ready access to completed filings.
Third-party APIs & Integration
The GreenLight platform can communicate with Salesforce API, other third-party CRM APIs, customer proprietary CRM application integrations and can also accept email submissions.
Automatically delivers the appropriate message, tasks and attaches all required forms and documents to the retail agent.