Home > Excess Share Insurance > Common Questions
If your questions about ASI excess share insurance aren’t answered here, please don’t hesitate to contact us.
What on-going reporting is required after effectuating coverage?
Complete reporting details are provided in the insuring policy. Generally speaking, a credit union is required to submit quarterly financial statements, a delinquency report and a listing of insured accounts.
How are premium rates determined?
Approved applicants are assigned a rating as determined by the Kroll Bond Rating Agency, Inc., a nationally recognized, independent third-party rating service of financial institutions. This service reviews multiple ratios and assigns a rating between A+ and E to each credit union. Your rating, as assigned by the Kroll Bond Rating Agency, Inc., determines your monthly premium rate.
What marketing materials are available to support ASI’s excess share insurance?
Once your credit union is approved and your policy becomes effective, we provide you with marketing supplies including newsletter articles, sample member letters, advertising stands, decals and an initial supply of consumer brochures explaining the coverage. Additional supplies may be ordered online via the Policyholder Login section.
Is there a difference between the excess share programs offered by ASI and its subsidiary corporation, ESI?
No. The cost and coverage of excess share insurance from ASI and ESI are identical. Which program you choose depends on the state in which your credit union is based. See our coverage map.
