ETI Financial Corp. FAQ

1. What is a Premium Finance Company?
A Premium Finance Company is engaged in the business of making loans to the insured in order to satisfy their payment obligation with the Insurance Companies.

2. What happens after the insured signs a Premium Finance Contract?
Once an insured signs the premium finance contract, this creates a loan with the Premium Finance Company, and gives the legal right to cancel the financed insurance coverage if the loan’s payments are not satisfied on the scheduled dates

3. How can an insured make the scheduled payments to the finance company?
An insured has several options to comply with the loan’s scheduled payments:
  a. Personal check or money order payable to "ETI Premium Finance". The check must be sent to the company prior to the due dates.
  b. Online payment option thru www.etifinance.com.

4. What would happen if an insured misses the scheduled due payment?
By law the Premium Finance Company must give a grace period at no extra charge. After the grace period an Intent To Cancellation will be mailed out to the insured and a late fee will be applied to the contract. Finally if payment is not received after the Intent To Cancellation, the Customer's Insurance Policy will be cancelled.

5. How could an insured or an insurance agent find information about a financed contract?
  a. Information is available online 24/7 at www.etifinance.com. For an insured the contract number and the Zip Code will give access to the website.
  b. Personalized customer service is available by phone at 1-800-995-7001 weekdays from 9:00am to 6:00pm (Eastern Time).

For more information please call the Marketing Department at 1-800-995-7001 or e-mail us at service@etifinance.com