Beginning in January IIC launched a new rewards program for
agents who have commercial bonds issued via IIC’s online bond submission
website.
In the first quarter IIC had 36 agents enrolled of which 13
qualified at the Green Level. In April IIC had our first Silver Level
qualification.
If you have not already enrolled to be eligible to receive
rewards for commercial bonds issued via IIC’s online submission system you can
now do so. The enrollment period will close on May 31st for the
second quarter of 2014. To enroll simply click the link below:
The video link below demonstrate the bond submission
process so you can see how user friendly the system is:
Once enrolled you can earn the following rewards for one
calendar year (Jan – Dec) as you use IIC online bond submission website:
Reward Level
|
Qualification
|
Reward Amount
|
Green (Qualify for Program)
|
3 Bond Issues
|
$25 and $25 for every 10 Issues until you reach Silver
|
Silver
|
20 Bond
Issues
|
$50 for
every 10 Issues thereafter
|
Gold
|
50 Bond Issues
|
$75 for every 10 Issues thereafter
|
Platinum
|
100 Bond
Issues
|
$100 for
every 10 Issues thereafter
|
To explain, once the agency has 3 bonds issued you have
qualified for the Rewards Program and will begin at the Green level and earn a $25 reward for getting
started!
Thereafter, you will earn $25 after 10 Bonds have been issued.
Once you have 20 bonds issued you qualify you for the Silver level. Thereafter, you will earn $50 for every 10 bonds issued until you reach Gold level. For each 10 bonds issued you now earn $75.
Finally, once you have issued 100 bonds you are Platinum rewards member and will receive $100 for every 10 bonds issued thereafter for the remainder of the calendar year.
Thereafter, you will earn $25 after 10 Bonds have been issued.
Once you have 20 bonds issued you qualify you for the Silver level. Thereafter, you will earn $50 for every 10 bonds issued until you reach Gold level. For each 10 bonds issued you now earn $75.
Finally, once you have issued 100 bonds you are Platinum rewards member and will receive $100 for every 10 bonds issued thereafter for the remainder of the calendar year.
The faster you qualify and the more you use the system the
greater your rewards will be as you progress the through reward levels.
For illustration purposes let’s say you issue 120 bonds over
the course of one year using IIC’s online submission website. You would earn
the following rewards:
Earned Rewards
|
Amount
|
Number of Cumulative Bond
Issues
|
Green (Qualify for Rewards)
|
$25
|
3
|
Green Rewards
|
$25
|
10
|
Green Rewards
|
$25
|
10
|
Silver (Qualify for this level)
|
$50
|
20
|
Silver Reward
|
$50
|
30
|
Silver Reward
|
$50
|
40
|
Gold (Qualify for this level)
|
$75
|
50
|
Gold Reward
|
$75
|
60
|
Gold Reward
|
$75
|
70
|
Gold Reward
|
$75
|
80
|
Gold Reward
|
$75
|
90
|
Platinum (Qualify for this level
|
$100
|
100
|
Platinum Reward
|
$100
|
110
|
Platinum Reward
|
$100
|
120
|
Total Rewards
|
$900
|
By reaching the Platinum Rewards level you can rapidly
accelerate your rewards.
In the illustration above your cumulative rewards would be
$900. All rewards will be paid using a Visa gift card so you can spend them any
way you want! Either an individual or the Agency may enroll and qualify for the
rewards program.
Remember to click the link below and enroll before the 31st:
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