Last Updated 8/27/2024
No, agents cannot use their own finance companies and Cover Whale will not be able to change the premium finance company or provided terms on the platform-generated PFA.
However, if the insured does not wish to finance the premium, they do have the option to Pay in Full. You can select this payment option directly in the portal, once you select Request to Bind simply select Pay in Full under the Payment Options.
For Pay in Full options, the payment link is issued to the policyholder directly. Payment is required to be remitted via the issued link for the binding process to be completed.