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CREDIT INSURANCE ADMINISTRATION: LE*CREDITADMIN™ (L&E Credit Administration System) handles your Credit Insurance policy maintenance and reporting needs. This proprietary system is designed to add, process and maintain life, disability, accidental death and dismemberment Credit Insurance policies. Forms and reports provide convenient ways to access, validate and maintain individual certificates as well as generate necessary statutory and tax reserve valuations.
DATABASE DRIVEN: Relational database design supports ease of maintenance and custom modification.
MULTI-USER DESIGN: Any number of users may perform the various tasks of the system simultaneously.
MULTIPLE LINES OF BUSINESS: The system handles several lines of Credit Insurance products including:
- Life
- Disability
- Accidental Death
- Dismemberment
MANAGEMENT ANALYSIS IS SIMPLIFIED WITH REPORTING AIDS:
- Batch Summaries
- Liability Limits
- Experience Rating
- Certificate Summary
RESERVE PROCESSING AND REPORTING INCORPORATES THE FOLLOWING RESERVE METHODS:
- Unearned Premium: Pro Rata, Rule of 78, and Net Pay
- Mortality Based
AND PRODUCES REPORTS FOR:
- Statutory Reserves – Ad Hoc reporting at any point in time
- Tax Reserves
COMMISSIONS: The flexibility of the system allows the Commission hierarchy and criteria to be tailored to the specific needs of the company.
REINSURANCE: Multiple levels of reinsurance reporting are built into the system with the ability to adapt to the clients particular needs.
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