fully interactive pdf - AIG.com

AIG Controlled Master Program lifecyclebefore inceptionINCEPTIONAFTER INCEPTION180 – 90 days 90 – 60 days 45 – 30 days 15 – 0 days 0 – 60 days 60 – 180 days 150 – 210 days120 – 90 daysbefore expirationBindBindFrom 15 days to 0 daysbefore inceptionThe Producing Broker and CMP Insurer Producing Office(PO) agree upon essential details of the program—especiallycoverages and premiums for each policy to be issued. TheProducing Broker gives a binding order for the CMP. The CMPInsurer PO then documents binding of the Master Policy coverageand provides written confirmation of the program deliverables tothe Producing Broker.As soon as practicable after binding, the CMP Insurer ProducingBroker and Corporate Client notify their local stakeholders thatthe program has been bound with the CMP Insurer with detailedinstructions to follow.This Controlled Master Program lifecycle provides an estimate of the timing of an average implementation.19