What managed benefits can and cannot do before being broker of record

This article explains the responsibilities and limitations of Managed Benefits before Namely is a BOR.

 

The Broker of Record Letter, or BOR, gives Namely the ability to act on the client’s behalf with the insurance carriers. Oftentimes, the BOR date is a date in the future, not the close date of the sale. Carriers typically recognizes the BORs on the first of the following month after they are submitted.