INSURANCE RENEWAL REVIEW CHECKLIST

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--- POLICY DETAILS & COVERAGE REVIEW ---
[ ] Policy Number
[ ] Insured Name
[ ] Policy Effective Date
[ ] Policy Expiration Date
[ ] Coverage Limit - Property
[ ] Coverage Limit - Liability
[ ] Deductible Type (Occurrence, Loss Per Occurrence, Annual Aggregate)
[ ] Deductible Amount
[ ] Endorsements/Riders Summary

--- RISK ASSESSMENT UPDATES ---
[ ] Describe any changes in business operations or activities.
[ ] Estimated increase/decrease in payroll (if applicable).
[ ] Change in number of employees (if applicable).
[ ] New equipment or assets acquired (list details).
[ ] Changes in security measures (e.g., cameras, alarms). (Increased security personnel, Installed/Upgraded Security Cameras, Implemented/Upgraded Alarm System, No Changes)
[ ] Date of significant operational change.

--- COVERAGE ADEQUACY ANALYSIS ---
[ ] Current Insured Value of Assets
[ ] Projected Growth in Assets (Next Year)
[ ] Changes in Business Operations? (No Change, Minor Change, Significant Change)
[ ] Description of Changes in Business Operations (If Applicable)
[ ] Change in Number of Employees
[ ] New Exposures? (No, Yes)
[ ] Description of New Exposures (If Applicable)

--- MARKET COMPARISON & QUOTATION GATHERING ---
[ ] Quote Request Date
[ ] Carrier 1 (Carrier A, Carrier B, Carrier C, Other)
[ ] Carrier 1 Premium Quote
[ ] Carrier 1 Quote Notes
[ ] Carrier 2 (Carrier A, Carrier B, Carrier C, Other)
[ ] Carrier 2 Premium Quote
[ ] Carrier 2 Quote Notes

--- POLICY TERMS & CONDITIONS EVALUATION ---
[ ] Review Policy Exclusions
[ ] Terms & Conditions Updates Required? (Yes, No)
[ ] Summarize Key Changes in Terms & Conditions (if applicable)
[ ] Deductible Amount - Confirm Accuracy
[ ] Policy Cancellation Clause Review (Reviewed and Acceptable, Requires Clarification, Unacceptable)
[ ] Notes on Policy Forms/Clauses

--- REGULATORY COMPLIANCE CHECK ---
[ ] State Licensing Verification Completed? (Yes, No)
[ ] Last Compliance Training Date
[ ] Privacy Policy Updates Reviewed? (Yes, No)
[ ] Summary of Relevant Regulatory Changes
[ ] Compliance with Anti-Money Laundering (AML) Regulations? (Yes, No)
[ ] Policy Number for Regulatory Reporting

--- DOCUMENTATION & APPROVAL ---
[ ] Renewal Date
[ ] Summary of Renewal Discussions
[ ] Renewal Status (Approved, Pending Approval, Rejected)
[ ] Renewal Premium
[ ] Supporting Documents
[ ] Approver Signature
[ ] Approval Date

--- CLIENT COMMUNICATION ---
[ ] Renewal Summary Explanation
[ ] Renewal Premium (USD)
[ ] Client Communication Method (Email, Phone Call, In-Person Meeting)
[ ] Communication Date
[ ] Client Representative Name
[ ] Client Signature (Confirmation)

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