News from Desjardins Insurance

Submitted by Victoria on July 20, 2020 - 9:07am

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MGA

July 20, 2020

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PARTNER CONTRACTING AND FINANCIAL OPERATIONS MANAGEMENT

LIFE AND HEALTH INSURANCE: YOU NEED AT LEAST $1 MILLION IN LIABILITY COVERAGE

No matter what province or territory you’re licensed to work in, you need a minimum of $1 million in liability coverage for errors and omissions...

DESJARDINS INSURANCE

REQUESTS TO DEFER PREMIUM PAYMENTS ACCEPTED UNTIL SEPTEMBER 30, 2020

The Canadian economy is still fragile, and we know that many of your clients might need a helping hand this summer.

That’s why we’ll be accepting requests for payment deferrals on premiums for life, disability and critical illness insurance until 11:59 p.m. (EDT) on September 30, 2020.

NEW BUSINESS AND UNDERWRITING

REMINDER : JULY 31 - DEADLINE TO REQUEST A REASSESSMENT OF A CONTRACT AFFECTED BY COVID-19

We expect Dynacare and ExamOne to be overwhelmed with requests for paramedical examinations from every insurance company, which could lead to substantial delays. That’s why we’re changing our deadlines for reassessing insurance applications and contracts affected by COVID‑19.

We are no longer asking to receive all medical requirements by August 22, 2020 (2 months after paramedical services resume). Instead, we are setting a deadline for submitting reassessment requests.

You will have until 11:59 p.m. (EDT) on July 31, 2020, to send your completed request for reassessment to nbcsin@dfs.ca.

NEW BUSINESS AND UNDERWRITING

ORDERING REQUIREMENTS: PLEASE DON’T REQUEST PRIORITY TREATMENT

Given the high volume of requirements that need to be ordered, standard cases will not be prioritized. Only Prestige cases will be systematically given priority treatment...