Companies We Finance
ClassicPlan works hard to accept a broad range of companies/policies for
financing. We are providing the following information as a guideline for
producers to consider when submitting a loan. Please feel free to call our
customer service department if you have any questions regarding acceptability
of a particular market or company.
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ClassicPlan accepts both commercial and personal lines
policies. ClassicPlan will accept loans as low as $150.00 up to very
large ($250,000+) commercial loans
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The company must be willing to accept outside financing
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The carrier should have a Best rating of B+ or better ( Please contact us if
the company does not meet the B+ rating)
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Admitted and Non-Admitted carriers are acceptable
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The carrier must give ClassicPlan permission to pay their
authorized General Agent/Surplus Lines Brokers. Other payment
arrangements are also available
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Unacceptable Companies/Policies
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Workers Compensation Policies
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Policies with other than a yearly audit
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Policies with greater than a 25% fully earned premium. (California Fair Plan is
the one exception)
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Accelerated earned premiums
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Stand alone earthquake. (Other than DIC)
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Flood insurance
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Any policy from a company that does not accept outside financing
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