iAutomate: Erlon Surety meets NASBP/SAA eBonding Guidelines; Automated surety system meets strict guidelines set forth by leading industry associations.WESTBROOK, Maine Westbrook is a city in Cumberland County, Maine, United States. The population was 16,142 at the 2000 census. Originally part of Falmouth, the settlement once known as Saccarappa was incorporated as Stroudwater in 1814, but soon changed its name to Westbrook, after an early -- Workgroup Technology Partners announces that iAutomate: Erlon Surety, an automated surety software solution, has been added to the NASBP/SAA Approved Vendor List. IAutomate: Erlon Surety, when used in conjunction with a secure email solution, has met the requirements set forth in the Vendor Guidelines developed by the National Association of Surety Bond surety bond An insurance fee required before a duplicate security is issued to replace one that has been lost. The fee is approximately 4% of the market value of the security to be replaced. Producers (NASBP NASBP National Association of Surety Bond Producers ) and The Surety Association of America (SAA (Systems Application Architecture) A set of interfaces designed to cross all IBM platforms from PC to mainframe. Introduced by IBM in 1987, SAA includes the Common User Access (CUA), the Common Programming Interface for Communications (CPI-C) and Common Communications ). Workgroup's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , the Insurance Automation Group, develops software solutions that help insurance agencies build their businesses and capture more revenue without adding staff. "The surety business is exacting and demanding, and meeting the NASBP/SAA Guidelines shows insurance agencies that they can rely on iAutomate: Erlon Surety," says Jack Eaton, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Workgroup Technology Partners, the parent company of Insurance Automation Group. The NASBP and SAA support the electronic execution and filing of bonds, and have developed a set of guidelines to insure that solutions meet common legal and business standards at a high level. A surety bond is a three-party agreement whereby a surety guarantees that one party will perform its obligations owed to another, and is most commonly issued to secure construction projects. The Guidelines can be found at http://www.nasbp.org/www.surety.org/automation/checklist.html. "A surety bond is a legal document, and our association recognizes that while automation is vital to our industry, electronic solutions must support a recognized process and be as safe and secure as traditional paper-based bonds," says Dona Lisa Buschmann, co-chair, NASBP/SAA Joint Automation Committee. "We are pleased to announce that iAutomate: Erlon Surety meets the Guidelines" The Insurance Automation Group of Workgroup Technology Partners offers four insurance automation solutions, including iAutomate: Erlon Surety, which helps insurance agencies automate the entire surety process and generate accurate surety bonds. About Insurance Automation Group The Insurance Automation Group is a wholly owned subsidiary of Workgroup Technology Partners, a provider of advanced technology solutions and services based in Westbrook, Maine. The Insurance Automation Group develops software solutions that help insurance agencies and Plans build their businesses and capture more revenue without adding staff. The product line includes iAutomate: Erlon Surety, iAutomate: ABTS ABTS American Board of Thoracic Surgery ABTS ASCII Block Terminal Services ABTS Arbin Battery Test System ABTS Abusive Tax Shelter ABTS Advanced Business Technology Services (Edwardsville, IL) ABTS Abort Basic Link Service ABTS Abort Sequence Benefits, iAutomate: OPL OPL Open Publication License OPL Olympus Product Line (Sun) OPL outer plexiform layer OPL Organiser Programming Language (PSION) OPL On-Premise Laundry OPL Optical Path Length OPL Open Public License CaseManager, and iAutomate: ARRS ARRS American Roentgen Ray Society. CaseManager. For more information, call 207-856-5300 or visit www.wgtech.com. About NASBP The National Association of Surety Bond Producers (NASBP) is the international organization of professional surety bond producers and brokers. NASBP represents over 5,000 personnel who specialize in surety bonding, provide performance and payments bonds for the construction industry, and issue other types of surety bonds for guaranteeing performance, such as license and permit bonds. For more information, contact NASBP at 202-686-3700 or visit www.nasbp.org. About SAA The Surety Association of America is a trade association consisting of approximately 500 insurance companies that are licensed to write fidelity and surety bonds. Member companies of the SAA collectively write the majority of fidelity and surety bonds in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Surety Association of America is licensed as an advisory organization by all state insurance departments except Texas as a statistical agent for the fidelity and surety experience. The SAA represents its members on matters of common interest before various federal, state and local government agencies. For more information, contact SAA at 202-463-0600 or visit www.surety.org. |
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