Phase-Out of Account Current/Agency Bill
By the end of 2023, RLI will no longer accept current/agency bill for new, meaning “submit signed application and payment to administrator” will no longer be an option for administrators.

What does this mean to you?

This change will require payment authorization to be applied – either within the RLI e-signature process or by your office utilizing “signed app, pay now” to submit for binding to RLI.

to read more about this change, click here.

Direct Bill Signature Options – New Business
Your Signature/Payment Options Include:

• Send a secure email to the insured to eSign and Pay Online: The insured receives a secure email, then clicks the link in the email and is taken into the RLI system. The Administrator (OIA) is notified and binds the policy in the RLI system.
• Verbally provide login information to the insured to eSign and Pay Online: The Administrator(OIA) / Agent (YOU) provides the insured with a User Name and Password for the RLI system. The Administrator is notified and binds the policy in the RLI system.
• Signed App, Pay Now: The Administrator (OIA) submits payment in the RLI system and has an application signed outside of the RLI eSign system. The Administrator is notified and binds the policy in the RLI system.
• Pay Now, eSign Email: The Administrator (OIA) collects payment authorization prior to the client receiving an email link to eSign. Once signed, the Administrator is notified and binds the policy in the RLI system.

to read more about this change, click here.

RLI System and Portal Training for Retail Agents
More retail agents than ever are quoting and servicing their own book of business within the RLI system. Contact Alexandra DeVictor for training materials on the following topics: RLI Producer Portal walkthrough and RLI Personal Umbrella Training for Retail Agents.

to read more about this change, click here.

California Rate Filing Update
We are pleased to announce that California has approved our rate filing that was originally filed in the fall of 2022. Since the state requires matching effective dates for new/renewal business, this rate change will be in place for all business effective 3/15/24 and after.

The overall impact of ≈+33% will be seen as follows:

• Base rate increase of ≈+21% (not including Excess UM/UIM);
• Underlying Auto Limit B (250/500/50 or 300 CSL) surcharge of +15%; and
• +10% surcharge for any policy with a driver age 70-79.

Although the filing was approved at the indication requested, the stand-alone personal umbrella market in California remains challenging. Therefore, we will continue to require minimum underlying auto limit A (500/500/50 or 500 CSL) on new business for the foreseeable future. As a reminder, this requirement was implemented for new business only effective 10/1/23 and after; renewal business is unaffected.

to read more about this change, click here.

Upcoming Florida Rate Change
A Florida base rate increase of ≈+24% (including UM/UIM) across all tiers/territories has been approved for business effective on/after January 1, 2024. This rate increase is in addition to the 6/1/23 rate increase announced earlier this year, which means that any business with an effective date between 1/1/23 – 5/31/23 will see both rate increases at the next renewal.

If you have any further questions or concerns regarding these changes to the RLI program, please contact Alexandra DeVictor at alexandra@ohioinsuranceagents.com.