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Published monthly by United American Insurance Company for the dissemination
of information to its Agents. Home Office permission must obtained prior to reproduction or other use of
this material.
© Copyright 2003, United
American Insurance Company, McKinney, Texas
All rights reserved.
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ProCare
Rate Approvals
A special mailing regarding ProCare
Medicare Supplement rates for new business and renewals has been
mailed to General Agents in District
of Columbia, Iowa,
Montana and North
Dakota.
Check your state(s) ProCare rate memo
for complete effective date information and cut-off dates for
business written with old rates. If you did not receive this notice,
please contact the Agent Service Center at 800-925-7355.
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Good
Sense Plan Approvals
A special mailing regarding Good Sense Plan (GSP) premium
rate increase approvals effective May 1, 2003 for new
business and renewals has been mailed to General Agents in District
of Columbia.
You can order new rate cards by contacting
Agent Supply at 800-285-3676.
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Attn:
California Agents
UA has switched from Attained Age to Issue Age pricing on
ProCare Med-Supp plans in California. New supplies will be
sent. No Attained Age applications or rates will be accepted
after June 1, 2003.
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Interest
Rate Set
The Lifestyle Annuity new money interest rate for the month
of April is 4.00
percent. Rates will continue to be reviewed and adjusted
accordingly.
The Deposit Fund Rider interest rate
for 2003 has been set at 4.00 percent.
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Attn:
UA Life Agents
The UA Partners authorization section
has been removed from UA’s RT-85 and 400
Series app/brochures. Use the UA Partners Authorization
& Enrollment Form (F3840) to enroll your new business clients in
the UA Partners program. Enrollment forms may also be downloaded
from www.uageneralagency.com/office.
Also, as previously communicated, the
MIB Notice of Information Practices authorization is now required on
all applications for life insurance. The MIB section of the
app/brochure has also been revised.
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Attn:
Health Agents
The UA Partners authorization section
has been removed from UA’s Good Sense Plan
app/brochures. Use the UA Partners Authorization & Enrollment
Form (F3840) to enroll your new business clients in the UA Partners
program. Enrollment forms may also be downloaded from www.uageneralagency.com/office.
Additionally, UA will now require the
MIB Notice of Information Practices authorization on all GSP sales.
The Agent’s signature as well as that of the applicant are
required on the MIB Authorization located on the back of the
app/brochure.
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Attn:
LTC Agents
Effective immediately, model regulations now require
insurance companies to determine that the purchase, or replacement,
of a long term care policy is the appropriate coverage based on the
applicant’s income and assets. In order to make this
determination, an LTC Personal Worksheet must be completed
and submitted with all applications. Agents are required to provide
applicants with a copy of the new LTC Informational Letter (Form
LTCINF). These forms may also be downloaded from www.uageneralagency.com/office.
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HIPAA
Privacy Rules
The HIPAA Privacy Rule becomes effective April 14, 2003, and UA has
implemented policies and procedures to become compliant.
Policyholders have been mailed a Notice of Privacy Practices. For
further information, please log on to www.unitedamerican.com.
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Deposit
Fund Rider Reminder
When writing DFR business, please keep the following points in mind:
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The DFR is
available with RT-85 business only. |
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Bank Draft premium
payment mode is required to open the Deposit Fund. |
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The minimum deposit
amount is $5. |
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The interest rate is
guaranteed not to fall below 4%. |
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The initial deposit
amount and the subsequent bank draft deposit amounts must be the
same. |
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Additional
funds may be deposited by check accompanied with a completed
Transaction
Form. |
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There is no
charge or interest penalty for
withdrawals. |
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April
2003
State of the (Sales) Union! 