GreenLight® Diligent Effort Platform

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.

Automated Notification
Automatically delivers the appropriate message, tasks and attaches all required forms and documents to the retail agent.

HOW IT WORKS

Retail agent binds policy through Surplus Lines Broker

Surplus Lines broker shares details with GreenLight system (automatically or via email)

GreenLight system triggers email notification to retail agent requesting diligent efforts response

Retail agent completes and submits required details with user-friendly system

GreenLight system monitors retail agent response based on deadlines specified by Surplus Lines Broker

Surplus Lines Broker can access the GreenLight dashboard at any time to access documentation for any policy.

ACCEL would love to hear from you.

Please complete and submit the form and we’ll be in touch soon!

PLEASE NOTE:  

ACCEL Compliance clients should submit questions directly through their compliance manager to ensure timely response (not via this webform). 

ACCEL Compliance is only able to respond to technical/compliance questions from existing Agent/Broker client organizations, not individuals.