Example 5 - Renewal
Table 2 - Policy Detail
The continuous nature of a State Farm policy provides for automatic policy renewal subject to the premiums, rules and forms in effect for each succeeding policy term. The renewal billing notification is the transaction used to initiate the collection of premium dollars.
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811 Data Format |
Description |
HL*7*2*4*1; |
HL segments represent a looping structure within the standard transaction set. This loop is for policy detail |
LX*1; |
Section separator. This field will increment with each new notification. |
SI*AD*01*RWL; |
The transaction type for this request.
|
PID*S*02*AD*MG; |
The PID identifies the party responsible for paying the insurance premium.
- IN Insured pays
- MG Mortgagee pays
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REF*TV*HOME; |
Line of business identifies the type of policy.
Other Lines of business are:
- FLOOD Flood
- RDP Rental dwelling
- DFIRE Fire
- EQKP Earthquake
- FARM Farm
- BOAT Boat owners
- RCUP Rental condo unit owner
- PPMBH Mobil Home
- PPCHO Condominium
- PPART Apartment
- COTHR Business Other
- BOP Business owner
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REF*NF*25143; |
The NAIC code identifies the State Farm affiliate underwriting the insurance policy.
- 25143 State Farm Fire
- 43419 State Farm Lloyds
- 25151 State Farm General
- 10739 State Farm Florida
|
REF*LD*120594856756453; |
Loan number of the mortgaged property as identified on the insurance policy.
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REF*IG*13GJ12139; |
- IG Insurance policy number
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REF*ABC*01; |
The Operation Center number is expected back with the 820 remittance advice (REF*32).
- ABC State Farm Operation Center Number
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REF*0K*FP-7955.IL*HOMEOWNER POLICY;
REF*0K*FE-72105*AMENDATORY ENDORSEMENT;
REF*0K*FE-5702*BACK-UP OF SEWER OR DRAIN;
REF*0K*FE-57031*HURRICANE DEDUCTIBLE; |
These segments represent the forms and endorsements associated with this insurance policy.
- 0K Policy form number and description
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REF*UA*1; |
State Farm does not keep track of Loan Type. This is the order at which this lender appears on the insurance policy.
- 1 First mortgagee
- 2 Second mortgagee
- 3 Third mortgagee
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AMT*PE*600; |
This is the cost of the insurance policy for the entire term. This is NOT the amount due.
- PE Full term premium amount of the policy
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DTM*007*20040601; |
This is the beginning date of the insurance policy’s term.
- 007 Policy effective date
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DTM*036*20050131; |
State Farm insurance policies are continuous until cancelled. This is when the insurance policy term expires unless renewed.
- 036 Policy expiration date
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NM1*U3*1*LITTLE, JOHN C; |
|
N3*42 NORTH MAIN STREET; |
Insurance agent address |
N4*LAPTON*AZ*85289; |
Insurance agent city, state and zip |
PER*AG**TE*5124984051; |
- AG Insurance agent telephone number
|
IT1**1*EA*600; |
A renewal is a bill for premiums due. This due amount can be paid in the 820 remittance advice.
- EA Policy premium dollars
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DTM*814*20040726; |
NOTE: Insurance policies can be billed on a daily basis or in a combined list. When billed daily, the remittance due date will be here. If billed as a combined list, use the Combined Remittance Due Date in Table 2 – Mortgage Company Detail. |
DTM*009*20040601; |
- 009 Insurance policy process date.
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NM1*IL*1*DOE, JOHN; |
|
N3*27 COURT STREET; |
Insured mailing street address. |
N4*SAN FRANCISCO*CA*94111; |
Insured mailing city, state and zip |
NX2*15*12 MARKET STREET; |
Insured property street address.
- 15 Unstructured street address
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NX2*07*BLOOMINGTON; |
Insured property city name.
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NX2*08*IL; |
Insured property state name.
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NX2*19*617050001; |
9 digit Insured property zip code if present.
- 19 Insured property zip (9 digit)
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III*CV*DWELL; |
Insurance policy coverages.
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AMT*2Y*1514000; |
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AMT*LU*42980; |
- LU Option coverage amount
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AMT*AU*21490; |
- AU Building Ordinance or Law amount
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AMT*PH*1000; |
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LQ*ZZ*35; |
- 35 Hurricane Coverage Addition
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AMT*2Y*151400; |
|
PCT*PH*.02; |
|
III*CV*OS; |
Insurance policy coverages.
|
AMT*2Y*15140; |
- 2Y Other Structures risk amount
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