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August 1984
BPN Corporation creates the "ClassicPlan" Insurance Premium Financing Program.
BPN Corporation is wholly owned by its founders Peter Walski, Neil O'Shea and
Barbara Walski.
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July 1985
Due to the immense popularity of the ClassicPlan program, BPN Corporation
relocates its main office to Chino, CA. ClassicPlan has been at the same
location ever since.
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June 1989
Continuing its strong growth, ClassicPlan grows to a staff of over 60 employees
statewide.
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March 1993
ClassicPlan hires on James Walski, a graduate of Santa Clara University, to
direct the operations of the Information Technology Department.
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September 1994
In order to solidify itself as a market leader, ClassicPlan hires long time
premium finance specialist Dennis Hansen. Dennis Hansen brings ClassicPlan over
30+ years of premium finance experience.
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November 1994
As ClassicPlan continues to grow, they open up their 3rd branch office located
in Northern California.
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May 1995
ClassicPlan forms a joint venture with Pan American Bank, FSB to become the sole
source of funding for the insurance premium finance business.
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January 1998
Continuing their pursuit to become the largest Non Standard Auto Premium Finance
Company in the state of California, ClassicPlan purchases the rights to
Commonwealth Premium Finance.
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July 1998
ClassicPlan converts their internal computer software to a state of the art
accounting system backed by the power of Oracle
Corporation's Relational Database Server.
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November 1998
As the largest Non Standard Auto Premium Finance company in the state of
California, ClassicPlan purchases the rights to Norwest Financial's Coast
Program. Coast Program had been a market leader in the premium finance business
for over 30 years.
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October 1999
Real time account status via the ClassicPlan web site is offered to producers.
Using the latest web technologies producers can now view account status,
request address changes, process additional premiums, quote a payoff and much
more. All from any computer connected to the internet.
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July 2000
Pay by Fax and Pay by Phone are introduced to give borrowers more options in
paying their monthly installments. These systems allow producers and/or
borrowers to submit payments by faxing a copy of the check used for payment or
simply calling our office.
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January 2001
Autopay, an automated check handling system for borrower’s monthly payments is
introduced. Using Autopay borrowers can have their monthly installments
automatically deducted from their checking account. This system dramatically
improves retention and borrower satisfaction.
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June 2002
ClassicPlan makes a concerted effort to expand the commercial lines department
by offering customized premium finance solutions for their producers. These
programs offer flexible installment plans, additional premium processing and
extra services.
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May 2003
ClassicPlan introduces WebQuote a web based point of sale system for commercial
lines producers. The system allows producers to quote and prepare loans from
any computer connected to the internet and includes quick quote, quote/loan
lookup and a carrier database.
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October 2004
ClassicPlan negotiates a new contract for funding its premium finance program
from one of California’s fastest growing banks. This new relationship will
provide ClassicPlan the funding necessary to achieve the goals laid out in the
2005 business plan.
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June 2009
ClassicPlan celebrates 25 years of financing insurance premiums.
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January 2011
ClassicPlan continues its expansion plan by securing licenses in numerous other states across the nation.
Popular states include Texas, Michigan and Illinois.
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