CIC Wrap

Question

Does CIC Wrap include Insurance Agent's E&O?

Answer

Yes. If you bind E&O, you must bind one of the other seven coverages offered.

Question

What underwriting or other data is required in order to quote?

Answer

• Complete ACORD applications
• Five year's hard copy loss runs
• Narrative giving the history of your agency
• Most recent year's financials (preferably audited)

Question

How do I access CIC Wrap?

Answer

MarketScout is the exclusive distributor of the CIC Wrap. Access is available at websites: www.cicwrap.com or www.cicselect.com.

Question

What qualified me for CIC Wrap?

Answer

Your agency must employ a dues-paying CIC and meet MarketScout's Agency Qualification Criteria.

Question

Are there any specific requirements other than being a CIC?

Answer

Yes. You must purchase two of the eight coverages offered.

Question

What coverages are offered?

Answer

• Insurance Agent's E&O
• D&O
• EPLI
• Excess/Umbrella
• BOP
• Travel Accident
• Fiduciary Liability
• Workers' Compensation

Question

What commission is paid?

Answer

Traditional commission structures are available.

Question

How long does it take to get a quote?

Answer

Approximately 14 days from receipt of all underwriting data.

Question

What type of insurance operations qualify for CIC Wrap?

Answer

• Retail insurance agents
• Wholesale insurance brokers
• MGAs
• TPAs

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