Understanding the uniqueness of various ethnic markets
Forms & Documents
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New Agency Application Form
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W9 Form
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EFT Form (AUTOMATIC PAYMENTS)
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One Time Payment (ACH DEBIT) Authorization Form
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Credit Card Authorization Form
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* The agent will not get charged $2.50 for one time payment authorization when they are using their trust account. ** the transaction fee may be changed at any time without further notice.
FAQs for Agents
Does GBC Premium Finance finance all carriers?
GBC Premium Finance will finance carriers who accept financing with AM Best ratings of “A-“ or better. For Risk Retention Group carriers, we can only finance A-One Commercial Insurance Risk Retention Group.
What down payment will be required of insured?
Down payment will vary by policy and is primarily determined by the carrier’s Minimum Earned Premium (MEP) and any additional fees. Most typical down payments are 25% of premium, 20% with renewals with good payment history. Please contact us at (213) 244-9535 for further information..
What is the minimum/maximum premium GBC Premium Finance will finance?
The minimum premium GBC Premium Finance will finance is $500. Any premium in excess of $300,000 will require pre-approval. Please call 213-244-9535 for further assistance.
In which states is GBC Premium Finance licensed?
GBC Premium Finance can finance the insured who are in Arizona, California, Illinois, Indiana, New Jersey, Nevada, Ohio, Pennsylvania, Texas and Virginia.
What should I do if the General Agent or carrier’s name cannot be found?
All requests should be sent via the website or email only to support@gbcpf.com with New General Agent’s information.
What is Minimum Earned Premium (MEP)?
Minimum Earned Premium (MEP) is the minimum amount a General Agent or carrier will retain, should the policy cancel within 90 days of the effective date.
How do I submit a premium finance agreement to GBC Premium Finance?
An agreement may be submitted online once you have completed the Electronic Signature Agreement, have been granted Power of Attorney by your client and have received an approval via email. If you have not elected to submit with electronic signature, you may email the signed agreement to support@gbcpf.com. Agreements via fax is also accepted. Fax: 213-236-0759
***Insured who are in Arizona must be signed and dated manually by the insured.
How can I start business with GBC Premium Finance?
The New Agency’s Application can be found in the form section. Fill out completely and email to support@gbcpf.com with a subject of New Agency’s Application. Please call 213-244-9535 for further assistance.