Outsourcing Services Internet Services Software Specialty Services Knowledge Base
 
Input 1 services more than $450 million in annual premiums and our software systems are used by more that 25,000:
AGENTS
BROKERS
GENERAL AGENTS
INSURANCE COMPANIES
& INSURANCE PREMIUM FINANCE COMPANIES
throughout the United States, Canada and the Caribbean.

 

Specialty Services > Statutory Licensing

Input 1 offers a comprehensive license preparation service that will save our customers time and ensure that their licenses are approved in a timely manner.

Regulatory Licensing

In most of the 50 United States, a license is required to conduct the business of insurance premium financing. The process of securing a license to conduct this business in a particular state involves identifying the proper forms required for licensure and completing them, ensuring they are submitted to the proper location with the proper fees and exhibits. Once submitted there must be adequate follow-up because often times the licensing process can be unnecessarily or unknowingly delayed due to poor and untimely communication between the applicant and the regulatory agency.

Typically, existing premium finance companies looking to expand their geographic coverage area or new premium finance companies that need to secure their initial licenses either embark on the licensing process themselves or they hire outside counsel to secure the license. Each of these options has a downside, the former being time and lack of necessary expertise to secure timely issuance and the latter being cost and, unless proper counsel is chosen, the same lack of expertise to secure timely issuance of the license.

Input 1 has secured over 200 licenses for our clients in virtually every state in the United States. As a result we have a familiarity with how specific regulatory entities prefer to have license applications prepared. Input 1 is also highly skilled and diligent in the follow up with regulators in the licensing divisions to secure the timely issuance of a license.

California Office Hosting

California is the only state in the Union that requires a physical office within the state in order to maintain a license to conduct business there.

For companies that want to secure a license in California but do not have or wish to establish an office in the State, Input 1 provides a service whereby the license can be displayed and records of the California operation can be held as required by statute. Depending on the level of service required, Input 1 can host audits by the California Department of Financial Institutions, maintain corporate books and records, receive walk-in payments and other correspondence pertaining to California borrowers.