3/28/2023 0 Comments 1035 yellow pages![]() ![]() We and our partners have known that making 1035YellowPages information available to financial advisors at the time of sale would have a positive impact on streamlining sales, by significantly reducing not-in-good-order replacements, and providing the e-Signature and other automation triggers that support straight-through-processing,” stated Vaughan Lund, president of Cooperative Technologies. “Cooperative Technologies has long had a presence in insurance back-office operations with our CT1035 Exchange solutions. Insurance Technologies FireLight clients with a Cooperative Technologies 1035YellowPages order entry agreement are able to activate and leverage this functionality in FireLight based on their defined workflows and distribution relationships. ![]() This added capability within FireLight assists advisors in completing exchanges in good order, while expediting the transfer process and policy issuance. FireLight provides the ability for carriers to leverage behind the scenes rules to create an e-signature workflow or initiate a wet sign process based on the 951 eForm ceding carrier acceptance indicator. This integration decreases NIGO replacement submissions related to incorrect or missing ceding carrier information and incorrect ACORD 951 eForm signing requirements, expediting policy issuance while decreasing time and cost. FireLight clients have been eagerly awaiting this platform enhancement and we could not be more excited to be able to offer this to our clients.” “With this integration, FireLight pulls in the processing center rules and dynamically manages the replacement workflow, streamlining the replacement process for advisors. Because the surrendering carrier defines the acceptance of e-signature on replacement forms, it has been an industry challenge to create a consistent process for advisors,” said Katherine Dease, vice president of FireLight product management, Insurance Technologies. “This integration partnership with Cooperative Technologies provides the industry a revolutionary way of handling replacement processing electronically. When the ceding company requires the forms to be wet signed, an instruction page can be generated to guide the advisor on the workflow to print, have the client wet sign the forms, and upload the wet signed forms as part of the package. The signature requirements for the ceding processing center are incorporated into the signature workflow to dynamically drive the e-signature workflow on the exchange, replacement, and transfer forms. Advisors are able to select the ceding carrier processing center location within FireLight and prefill the ACORD 951 eForm with ceding carrier information. Integration between the Insurance Technologies FireLight and Cooperative Technologies 1035YellowPages solutions provides access to ceding carriers’ detailed replacement contact information and processing requirements by line of business, for thousands of annuity, life, mutual fund, bank, brokerage and pension administrators processing centers. This strategic partnership enables Insurance Technologies FireLight® clients to pull surrendering carrier data into the FireLight e-application platform, automating and simplifying the replacement, exchange, and transfer sales processes for advisors. 25, 2016 - Insurance Technologies, LLC, a provider of sales and regulatory automation solutions for the insurance and financial services industries, announced today the integration partnership with Cooperative Technologies, a premier provider of back-office 1035 exchange solutions.
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