Producer guide - IHC Health Solutions

Pre-ScreeningIf a client has a condition or combination of conditions that may be questionable for health insurance coverage, anunderwriter can work with the you to pre-screen the client. When calling the IAC Underwriting Department for a prescreen,be sure to have all the important information on hand such as: client age, onset of condition(s), currentmedication(s), symptoms, etc.Term Life Insurance Underwriting GuidelinesAdditional term life insurance will not be offered if the primary applicant has any of the following:1. Two or more co-morbidities which include the following: smoking, build, hypertension and hyperlipidemia;2. A build load of 50 percent or more; or3. Participates or engages in a hazardous sport or activity including private aviation.Submitting an ApplicationChecklist for New ApplicantThe following must be sent to apply for coverage:1. The Application. The application can be sent to IAC via fax, e-mail or regular mail. If the client is paying with acheck, include copies of both the IAC and CA checks with the fax or e-mail, and mail the originals to IAC. Also,if submitting the application through fax or e-mail, the original application does not need to be mailed unlessrequested by the underwriting department.2. First Month’s Payment. The applicant can submit the initial payment by check, credit card or bank draft. Ifpaying by check, it should be made payable to IAC for the $20 application fee only. The full month’s premiumwill be charged once the case is issued. Premium checks are cashed when received. Post-dated checks, checkingdeposit slips and agency checks are not acceptable. If the applicant elects credit card or bank draft, the MonthlyAutomatic Payment Plan section of the application must be completed (no physical check is required). At the timeof application, the one-time application fee will be drafted from the submitted credit card or bank account. Pleasenote, the applicant may elect to have the initial mode of payment be different than the mode for ongoing monthlypayments.3. Payment to CA, Inc. A separate payment is required to CA, Inc. with the application. This payment can be madethrough a separate check or credit card charge. If paying by check, make it payable to CA, Inc. for the appropriatedues amount based on the selected membership level. If credit card, complete the credit card payment section ofthe CA membership application and a separate charge will take place when the application is submitted.(Membership is optional in Kansas and Montana.)4. Copy of the Premium Quote. A copy of the computer quote calculated for the applicant must be sent with theapplication. Premium rates are based on resident state. The effective date also determines the premium rate sincerates change monthly based on a trend factor.5. HIPAA Authorization for Release of Health Related Information. This form is required with every application.6. Monthly Automatic Payment Plan. (Optional) If the client chooses to be billed via automatic monthly credit cardcharge or bank draft, a completed monthly automatic payment plan form must be completed. and an originalvoided check or savings account deposit slip must be submitted with the application. Bank draft is only availableon a monthly basis and the draft occurs on the first of each month. A 15 th of the month draft date can be requestedonly to coordinate with a 15 th of the month effective date.7. Preferred Rating Questionnaire. (Optional) The form must be completed and signed by those applicants (primaryand/or spouse) applying for the lower, preferred, rating.8. Confirmation of Sole Employee Entity. (Optional) (Kansas, Michigan, Oklahoma, Tennessee and Wisconsin) Inthese states, a business check will be accepted by IAC only if this form is completed and sent with the application.The client must read and sign that he/she agrees to all the conditions listed on this form.9