Accident Fund now has two new subsidiaries: Accident Fund National Insurance Company and Accident Fund General Insurance Company. These new additions will provide more competitive pricing for your customers. For further information, please refer to the list below or contact your business development consultant.

FREQUENTLY ASKED QUESTIONS:

Q1. Does my current agency agreement cover all three entities?
A1. Yes, your current contract covers Accident Fund Insurance Company of America, Accident Fund General Insurance Company and Accident Fund National Insurance Company.

Q2. In which states are Accident Fund Subsidiaries available?
A2. See chart below.

Q3. Can I choose the company under which I wish to write a new policy?
A3. Discuss your pricing needs with your business development consultant (BDC) and, if approved, he/she can change the master company in our online rating system. Your BDC can also change the company upon renewal. BDCs will use underwriting guidelines and all the tools available to them, including subsidiaries, to get you a competitive quote.

Q4. If a renewal policy changes to one of the subsidiaries, does the policy number change?
A4. No. That policy number will remain unchanged.

Q5. How will I know under which company the policy is written?
A5. The quote will state the company name under which the policy is written.

Q6. Will there be any Accident Fund staff changes as a result of these new companies?
A6. No, your current team will continue to service you and your accounts. These companies were established specifically to offer more pricing flexibility.

Q7. Will policy premium in all subsidiaries count toward my profit sharing and trip incentives?
A7. Yes.

Q8. Is commission the same for all of the subsidiaries?
A8. Yes.

Q9. Will I receive three different 1099’s at year-end?
A9. Yes.

Q10. Is the recent acquisition of United Heartland included in these subsidiaries available to agents?
A10. No.

Q11. Are premium payments for all companies to be mailed to the same address? To the same payee?
A11. Yes, there will be no change in the current process for premium payments. Checks, however, should be made out to Accident Fund.

Q12. Is the 5% Group Credit available in all three companies?
A12. Yes, the Michigan Group Credit is available through Accident Fund Insurance Company of America, Accident Fund General Insurance Company and Accident Fund National Insurance Company.

 

State	Deviation from Accident Fund Insurance Company of America Rates Accident Fund National/Accident Fund General
Alaska	-25/+25
Arkansas	-20/+20
Arizona	-0/+0
Colorado	-25 / +25
Georgia	-10 / +25
Hawaii	-25/+25
Illinois	-25 / +50
Indiana	-15 / + 25
Iowa	-12/ +35
Kansas	-10 / +15
Kentucky	-15 / +20
Maine	-25 / +25
Maryland	-15/+15
Michigan	-25 / +25
Minnesota	-5/+25
Mississippi	-15 / +15
Missouri	-20 / +25
Montana	-0 / +0
Nebraska	-15 / + 25
Oklahoma	-25 / +25
Oregon	-25 / +6
Pennsylvania	-25 / +25
South Carolina	-10 / +25
South Dakota	-25/+15
Tennessee	-15 / +25
Texas	-25/+15
Utah	-25/+25
Virginia	-15/ + 15
Wisconsin	No deviation permitted