MMIC 2017 Changes (10/21/16)

October 21, 2016

1. Rate increase of 5% on all fire & wind premiums

2. Inflation factor – NO CHANGE, will remain at 2%

Blankets – encourage 100% of inventory.

Agent statements will be on the Navigator. You will be able to access January 2017 in February. You will only receive your commission check in the mail.

Reminder, if you choose to collect late payments in your office, you are required to fax or e-mail us a copy of the payment and the signed statement of no loss, the day you receive.

Reminder, if we take a policy out of the system, and you request we rewrite the policy and we accept, you need everything new with the application, with annual premium.

We may be requesting on farm policies, farm diagrams with distances between buildings and an estimated amount of blanket coverage in each building. This is needed for our reinsurance company.

The January and February, 2017 – 3 year reviews form will not reflect the new changes.

We will be updating the manual as soon as possible.

Thank you for your patience. Any questions, please contact me.

Deb Geuther, PFMM
Mendota Mutual Insurance Company

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