Who is the Broker of Record? Does Pathpoint appear on the policy?

A Broker of Record (BOR) is a legal document that designates a specific insurance broker to manage a policy on behalf of the policyholder. This allows the new broker to assume the previous broker's duties without altering the policy itself. Pathpoint will be listed as the Broker of Record on quotes, binders, policies, certificates of insurance, and other related documents.

What is a Broker of Record (BOR)?

• A Broker of Record (BOR) is a legal document that designates an insurance broker to manage a policy for the policyholder, allowing the new broker to take over the previous broker's duties without altering the policy.

Can I submit a BOR request mid-term?

• BORs are generally not accepted mid-term, but our team can help with re-coding at renewal.

How do I submit a BOR request for an individual policy at renewal?

• If the business is with a Pathpoint-appointed carrier, follow these steps for re-coding at renewal:

  1. Submit the risk in Pathpoint 7 to 30 business days before the renewal.

  2. After submission, email your account manager to inform them of the BOR.

  3. Submit a BOR request on the insured's letterhead, identifying the Retail Agent and Wholesaler/Broker (Pathpoint) as the new agent of record.

  4. The BOR must be signed by the named insured and include the carrier name, policy number, and policy term dates.

How do I handle a BOR for an agency acquisition or book roll?

• For agency acquisitions or book rolls, if the business is with Pathpoint, provide your account manager with the following:

  • A countersigned contract of sale for the agency acquisition.

  • A list of policies in the book roll, including the carrier name, policy number, and policy term dates.

  • Submit each risk in Pathpoint 7 to 30 business days before the renewal.

What information should a BOR document include?

• A BOR document must:

  • Be on the insured's letterhead.

  • Identify the Retail Agent and Wholesaler/Broker (Pathpoint) as the new agent of record.

  • Be signed by the named insured.

  • List the carrier name, policy number, and policy term dates.

How do I change the Agent of Record that appears on policies?

How does Pathpoint handle BORs (Broker of Record).

How do I add or invite my team members to Pathpoint?