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NovaSys Health is committed to its agents and brokers, and
we want to make working with us as convenient as possible.
Following are our policies and procedures related to brokers.
NovaSys employs an open door policy; therefore, we encourage
you to contact us if you have any questions or comments.
- NovaSys requires 100 or more employee
lives to quote a group, unless the group is currently partially
self-funded. We also have a minimum specific deductible
of $25,000.
- NovaSys requires all groups with 500
or less employees to utilize a broker. This applies to groups
where the proposal process started after January 1, 2004.
- NovaSys will allow multiple brokers
to quote the same group; however, we will notify all requesting
agents in the case there are multiple quote requests.
- NovaSys requires the broker to sign
an Agent Agreement, which defines commissions and responsibilities,
and a Business Associate Agreement, for HIPAA purposes,
before exchanging group information.
- The broker must be appropriately licensed
in Arkansas. NovaSys will ensure the broker is appointed
with any applicable reinsurance carriers.
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