Prohibited Practices Reminder

Reminders: 

• If you are using our eApplication and select tablet signing, the signor (proposed insured, owner, or payor) must sign the application directly using the tablet. Complete signatures are required; more than initials are required. If you are using remote signing by text or email, the person signing the application must receive the text or email. As with the traditional paper process, you cannot sign for the client under any circumstance.
• In no instance does Americo allow agents to pay initial or reoccurring premiums for clients from the agent’s bank account. As a result, agents who pay for clients’ premiums could be subject to termination.
• Americo does not accept any Bank Accounts associated with Peer-to-Peer Mobile Payment Applications, such as Venmo, Zelle, and Cash App, as payment methods for premium payments. In addition, we do not accept online-only banks such as Green Dot, Chime, or MetaBank. This will help you keep business inforce and maintain your placement, persistency, help prevent chargebacks, and ultimately, keep more money in your pocket. 

Reminder Regarding the Use of Gifts and Rebates

As a reminder, if you are offering gifts and rebates as an inducement to purchase insurance, be sure you are up-to-date on the regulations, prohibitions, and limits for your state. Failure to comply with your state’s regulations can result in fines. Check your state’s Department of Insurance website for more information.