Southern Premium Finance | Premium Finance Companies

FLATIRON TIP SHEET

FLATIRON Capital Corp.
950 17th St., Suite 1300
Denver, CO 80202

Agreements will be processed and funded within 24 to 48 hours of receipt, provided that the following procedures have been followed: 1. Agent and insured have signed the agreement (or in states allowed, agent has signed on behalf of the insured). 2. The agreement has been dated. 3. Payments due within 10 days of the due date are collected by the agency with the down payment. 4. Policy information completed, including: effective date, policy type, insurance company and general agent (if applicable), premium, taxes and/or fees. 5. Correct down payment obtained

Eligible carriers must have an AM Best rating of A- or better. Exceptions may be made, but must be approved. Please call us at 877-492-8843.

Agreements with an amount financed over $500,000 require current financial statements from the insured.

Additional Premium Add-Ons:
Additional premiums may be financed and added to an existing account providing the conditions list below are met:

1) All payments due are current
2) At least two payments remain, and
3) The amount of the additional premium is at least $250.00 amount financed

The down payment will be based on the elapsed time of the effective date of the endorsement and the next payment due on the account.

Time Elapsed Since Effective Date of Endorsement	Down Payment Required on Existing Contract (as % of additional premium total)

30 days or less	25% of Added Premium
31-59 days	30% of Added Premium
60-89 days	40% of Added Premium
90-119 days	50% of Added Premium
120 days or greater	Please call for requirements

Holding Accounts from Cancellation:
Most accounts will cancel 21-days after the due date if not paid. Please call us @ 877-492-8843 to place up to a 5-day hold on the account.

Request for Reinstatement:
If an insured brings the account current, Flatiron will Request Reinstatement of the policy(s). These are typically mailed the next business day providing the payment was paid prior to 2:00 PM, Mountain Time. If there is an immediate need for the Request for Reinstatement, please call us at 877-492-8843.

Rate and Term Exceptions:
We recognize that there will be instances when you will need better terms and rates.

Standard Account (with no minimum earned provision or extended cancellations):
15% to 25% down payment and 8 to 10 installments depending on the individual quote.

Minimum Earned Provisions: The down payment must include all minimum earned premiums plus any non-refundable taxes and/or fees.

Extended Cancellations: Typically 5% above the standard down payment, for specifics on your quote please contact us.

Minimum Amount Financed: The minimum amount financed is $750. Exceptions can be made.

Canal Indemnity and Canal Insurance: All Canal policies require a 30% down with 8 installments, if different terms are needed please contact us.

Scottsdale Insurance: All Scottsdale policies have at least a 25% minimum earned provision to the policy.

Lloyds of London: All Lloyds of London policies must include the Managing General Agent(s). Providing this during the quote process will help facilitate the underwriting process to prevent any un-necessary delays.