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Application Processing with Electronic Signature
The Electronic Signatures in Global and National Commerce Act (E-Sign Act), effective October 1, 2000, provides that an electronic signature on a document has the same legal effect as a printed signature. Whether an online insurance application signature is typed, scanned or signed with a mouse, it is legit!
This allows for easy, online paperless transactions. One of our customers, a major medical carrier, has sold thousands of policies online – and all verified with electronic signatures without a challenge. Advantages include:
Easy-to-use comprehensive application forms. Can be customer-only completed or agent assisted
Choose from quote-through-issue. agent-assisted quotes or quote only systems
Fast processing. Application approval within hours or days instead of weeks.
Instant, online payment means agents receive compensation within days
Incorrect applications rejected automatically and corrections requested, saving time and errors
Electronic signatures legally verify applications
Eliminated or reduced paperwork
Dramatic decrease in mailing costs
Applications easily customized to fit your company’s needs
Easy integration with your existing back-end system
Find out how IdeaStar can help your company save time and costs. Contact us today.
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