How does Pathpoint handle BORs (Broker of Record).

A Broker of Record (BOR) is a legal document designating a specific insurance broker to manage a policy on the policyholder's behalf. This allows the new broker to assume the previous broker's duties without altering the policy itself.

Typically, BORs are not acknowledged mid-term; however, our team can assist in re-coding a policy at its renewal. For individual policies: If the business is with a Pathpoint-appointed carrier, you should provide the following to your account manager for policy re-coding at renewal:

• Submit the risk in Pathpoint at least between seven to 30 business days before renewal.

• Post submission, email your account manager to inform them of the BOR.

  • All BOR requests must be on the insured's letterhead, identifying the Retail Agent and Wholesaler/Broker (Pathpoint) as the new agent of record.

  • The BOR must be signed by the named insured and should list the carrier name, policy number, and policy term dates.

For agency acquisitions or book rolls: If the acquired agency or book of business is with Pathpoint, you should give the following to your account manager for policy re-coding at renewal:

• A countersigned contract of sale for the agency acquisition.

• Also, provide a list of policies for the book roll, including the carrier name, policy number, and policy term dates. We can recode each policy to the acquiring agency as they renew.

• Submit each risk in Pathpoint seven to 30 business days before renewal

How does Pathpoint handle renewals?

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

Who do I report claims to?

Who is the broker of record? Does Pathpoint appear on the policy?