Program Underwriting For All Lines
The "Gold Shield Advantage" program applications must be completed for each line of business submitted for all security risks. An ACORD application may be utilized for all classes of business other than security accounts. We require loss history for the past three to five years, along with current payroll verification (IRS Quarterly Wage Form 941) and a copy of their current declaration pages verifying existing coverage. New entities, while generally not acceptable for workers' compensation coverage, may be accepted for general liability coverage.

Broker of Record Letters
In the event that we receive applications on new business from two or more Producers, a broker of record letter can be accepted. The Producer who first submitted the risk will have five days to attempt to obtain a rescinding broker of record letter. A mid-term broker of record letter would not affect commissions paid to the original Producer. The new Producer would begin receiving commissions at renewal. We value new business submitted by Producers, however, broker of record letters cannot be accepted on "in-house" accounts already submitted to the carrier or written in the program.

Sub-Brokered Business
A great deal of information is required from Producers to accurately evaluate an account. It is imperative to obtain this information from the Producer working directly with the insured. Therefore, we cannot allow our Producers to sub-broker business. Any exceptions to this rule must be approved in writing by Izzo Insurance Services, Inc.

Certificates
After we have issued a binder, Producers have the authority to issue certificates of insurance for their clients. Any certificate containing modification of standing wording, additional insureds, waivers of subrogation, etc. must have prior written approval from Izzo Insurance Services, Inc. The certificate of insurance is NOT to be used as an endorsement request. Any policy changes must be requested in writing.