Administration
PREMIUM ADMINISTRATION • CARRIER COMPLIANCE AGENT • AGENCY APPOINTMENT
GreenWood International Insurance Services, Inc offers a wide selection of products, competitive rates, and experienced underwriting with the backing of professional premium processing and administration. Our administration team handles the processing of premium payments, appointments of agents and agencies, Third Party Administrator (TPA) approvals, and compliance issues between GWI and our carriers on a nationwide and state-to-state basis.
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Our Premium Administration Process
GWI administers all policyholders for medical stop loss, group accident coverage, and occupational accident/PEI insurance on a self funding basis. GWI will provide you with your monthly premium rates. Medical Stop Loss premium is due the first day of every month insured, while occupational accident and group accident premium is due monthly based on the policy’s effective date. All policies contain a 30 day grace period and premium must be received within this grace period to retain insurance coverage. Payment made beyond the 30 day grace period may result in possible termination of insurance coverage.
Premium checks should be payable to:
GreenWood International Insurance Services, Inc.
Please direct your monthly or annual pay premium to:
GreenWood International Insurance Services, Inc.
Medical Stop Loss:
Dept 350
PO Box 4110
Woburn, MA 01888-4110
Group Accident:
Dept 350
PO Box 4110
Woburn, MA 01888-4110
Occupational Accident:
ACE American Insurance Company
Greenwood International Insurance Services, Inc.
Department 200
P.O. Box 4110
Woburn, MA 01888-4110
Starr Indemnity & Liability Company
Greenwood International Insurance Services, Inc
Department 540
P O Box 4110
Woburn, MA 01888-4110
If you have any questions, please contact Laurie Cardin at 617.728.8268 or via email at LCardin@gwigroup.com.
Carrier Compliance
GreenWood International Insurance Services Inc.'s activities are directed by guidelines required by the various carriers on whose behalf we conduct business and the states in which our policyholders are located. In general, most states require that agencies/agents and Third Party Administrators be licensed and appointed with a carrier in order to solicit and sell business in the individual states. The regulations and laws vary from state to state, and as a result, the carriers with whom we have partnered have developed simple procedures that will help our agencies/agents and TPA’s comply with these regulations.
Agent/Agency Appointment Procedures
All carriers and states require that both the individual agent soliciting business/signing applications and the agency receiving commissions be licensed and appointed with them in the state in which the case is located. Even if premium is remitted net of commissions, both the agent and agency must be licensed and appointed with the carrier. Appointment requests must be submitted to GreenWood International Insurance Services, Inc. before a case is bound. All commissions will be withheld until appointment by the respective insurance company for whom coverage is underwritten.
Guidelines for Agent/Agency Appointment:
TPA Approval Procedures
In accordance with the individual state regulations, carriers require that the Third Party Administrator responsible for managing premium and/or administering claims on behalf of the policyholder must be licensed and appointed with them in the state in which the case is located. As with agency/agency appointments, TPA approval requests must be submitted to GWI before a case is bound.
Guidelines for TPA Approval
- Complete and sign the SIIA Third Party Administrator Appointment Questionnaire.
- Submit a copy of the TPA license for the state in which the case is located.
Agent/agency appointment requests and TPA approval requests may be faxed, e-mailed, or mailed to the following addresses to the attention of Laurie Cardin, Manager--Administration:
Mail:
GreenWood International Insurance Services, Inc.
Attn: Laurie Cardin, Manager--Administration
50 Federal Street
Boston, MA 02110
Fax: 617.728.8268
E-mail: LCardin@gwigroup.com
Phone: 617.502.3028
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