Contracting

Each insurance company requires the agent to be contracted and appointed with them in order to solicit applications and submit business. The Contracting department at Borden Hamman assists agents in each step of this process.

Many states allow an agent to get contracted and appointed with an insurance company at the time of application; however, some states are “pre-appointment” states which require an agent to be contracted AND appointed with the insurance company prior to soliciting an application. Please contact the Contracting department at Borden Hamman for a current list of the states that require pre-appointment.

An agent is contracted with the insurance company through the Borden Hamman Agency. Borden Hamman provides the agent with pre-sale and post-sale support. The agent receives a full commission directly from the insurance company and Borden Hamman Agency receives a smaller override commission from the insurance company. Most contracts can be completed on-line by clicking here.

Online Contracting is a new tool available to agents through Borden Hamman. This tool enables an agent to never have to fill out another Contracting kit by hand again! This allows the agent to complete the Contracting application one time online and then simply login to our secure website using a User ID and Password and select additional companies desired.

For agents that prefer the paper method, the Contracting kit for each company can be emailed or snail-mailed. Please contact the Contracting department at Borden Hamman for this assistance. Completed contracting can be faxed back to Borden Hamman at (214) 343-3999, Attn: Contracting.

In addition to Contracting, the insurance company also requires an agent to be appointed in the state in which he is going to write business. State appointments are done individually by each insurance company. An agent must be Contracted with an insurance company and then must be Appointed in the State in which he is going to write an application.

To get appointed in a State, the agent must have a State License to do business in that state, the State License must be submitted to the specific insurance company, and that insurance company must then request the state to appoint the agent to do business with them in that state. For pre-appointment states, this process must be done prior to an agent soliciting an application for that company. For non pre-appointment states, the agent can normally submit the state license with the application. Understanding this distinction is particularly important for those agents who are writing business in states other than where they hold their Resident license.

Insurance companies do background checks, vector checks, etc. as part of the Contracting process. If you have some specific personal history that may require special handling, please contact our Contracting department by telephone or e-mail so we can help you present your situation to the insurance company. This department can also assist you with Non-Residence Licensing questions or issues.