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A merger can occur when two or more existing brokerages (or entities) unite.

An acquisition can occur when an individual or firm purchase some or all the assets and/or stock of a brokerage firm or entity.

Complete the Brokerage Merger/Acquisition Form and send the form to Compliance@Distinguished.com together with the stipulated supporting documents listed in the form.

A Brokerage Merger /Acquisition Form is applicable only when it involves the acquisition of an existing book of business placed through Distinguished.

Additionally, if the acquiring brokerage firm is not currently registered with us, you will need to complete the registration process and execute our Retail Brokerage Agreement.

A Producer ID is a set of letters and numbers (typically 8 characters long) that is assigned to each office location of a brokerage firm that is registered with Distinguished. This Producer ID can be found on invoices sent to the retail broker aor policyholder.

Yes, the acquiring brokerage firm would need to register in order for the Merger/Acquisition process to be completed in our system. Please click the following link to complete the registration process prior to submitting the Brokerage Merger/Acquisition Form and supporting documentation:

A list of all locations/branch offices to be transferred to the acquiring entity should be submitted with the Brokerage Merger/Acquisition Form. This includes physical and mailing street, city, state, and zip code. 

A Branch Office is considered another location from which operations are conducted under the same legal entity name and Tax ID/FEIN as a registered entity/location that has a valid Retail Brokerage Agreement (RBA) on file with us (one RBA shall suffice for all branch offices).

Yes, please complete the entire Brokerage Merger/Acquisition Form and select “Specific policies to be transferred to the Buyer per the attached list.” in Section IV of the form.

A Retail Brokerage Agreement (RBA) is a contract that outlines the duties, responsibilities and conduct of our business relationship. If the acquiring firm is not registered with Distinguished or does not have a valid RBA on file with us, you must register and/or execute an RBA prior to conducting business with Distinguished. This agreement is a separate document from the Brokerage Merger/Acquisition Form and must be reviewed and signed by an authorized representative of your brokerage.

Documentation that finalized the Merger/Acquisition between the two firms and signed by both parties, classifies as written confirmation. This includes, but is not limited to, a Notification of Sale, Bill of Sale, Asset Purchase Agreement, and Plan of Merger.

Yes, a list of policyholders showing your assigned account representatives is needed to identify whom we should direct policyholder information to at the acquiring brokerage. Otherwise, Policy documents and communications will continue to be sent to the existing email address/domain of the account handler currently assigned to each policy.