CRC Premium Finance Program

CRC Premium Finance Program

A partnership built on trust

AFCO Direct and CRC are proud to provide you and your insureds with a premium payment alternative for policies through CRC.

About CRC

How can we help?

FAQ

We anticipate your premium financing needs.

Process

Learn about the AFCO Direct-CRC premium finance loan process.

Contact us

From technical support to account questions, we're here to help.

Frequently asked questions

Here is a list of frequently asked questions (FAQs) about the CRC Premium Finance Program with AFCO Direct.

 

Component ID : "accordionGridLayout-356745990"
Model : "faq"
Position : "left"

CRC can automatically include an executable Premium Finance Agreement with each insurance quote. Please ask your CRC underwriter for an executable premium finance agreement.

Obtain the insured’s signature on the Premium Finance Agreement (PFA) and collect the down payment denoted on PFA.

As a pioneering leader in premium finance, AFCO Direct supports insurance agencies by providing customized premium finance programs; all while easing administrative duties, improving cash flow and providing digital access to meet both agency and insured’s needs. AFCO Direct is transforming its business with technology designed to assist our clients by providing premium collection, billing, and invoicing solutions.

20% down and 10 monthly installments.

Rate will vary based on prevailing interest rates and size of annual premium.

Details may be found in the Convenient Payment Options flyer.

Yes.

Yes as such you will get copies of various delinquency invoices.

Yes.

You can access the insured information via AFCO Direct’s website at afcodirect.com. All you need is the insured's AFCO Direct account number and zip code.

Agent should call AFCO Direct at 877-317-6437. AFCO Direct will adjust and forward a revised executable agreement.

Contact AFCO Direct at 877-317-6437. In many situations, AFCO Direct will add the additional premium to the insured’s outstanding loan without any additional documentation or down payment required.

CRC will forward the return premium to AFCO Direct. AFCO Direct will apply the return premium to the outstanding loan. The remaining loan payments will be adjusted accordingly. The insured will receive an advisory notification from AFCO Direct.

No, commercial policies only.

No, your agency is pre-approved to finance CRC policies. If you want AFCO Direct to finance non-CRC policies, please contact AFCO Direct.

Premium finance process

Our insurance premium finance process is simple, easy and fast. 

 

Step 1: Quote

Agent receives from CRC an executable AFCO Direct premium finance agreement​ with the CRC insurance quotation

Step 2: Client agreement

Retail agent collects down payment and executed agreement from insured

 

Step 3: Agent agreement

Retail agent signs premium finance agreement in producer section of agreement 

  • Pay down payment less agent’s commission to CRC
  • Retail agent retains commission from down payment

Step 4: Submission

Retail agent forwards executed agreement to PFA@afco.com

 

Step 5: Loan booked

AFCO Direct books loan

  • AFCO Direct begins billing insured
  • AFCO Direct funds amount financed to CRC

Contact us

For general questions please email or call at:

AFCODirect@afco.com or 877-317-6437

To send executed agreements: PFA@afco.com