USA Patriot Act Disclosure Notice
January 28, 2017
U.S. Patriot Act Disclosure Notice
Premium Finance Agreements (PFAs) issued by Prime Rate Premium Finance Corporation and Prime Rate Premium Finance Corporation of California Inc. (“Prime Rate”) will now include a “USA Patriot Act Customer Identification Program (CIP) Disclosure Notice”
for compliance with Federal law (The USA Patriot Act) that requires Prime Rate to obtain, verify and record information about anybody, including insureds, who opens an account with Prime Rate or establishes a relationship with our company.
Such information may include the insured’s name, physical-location address (not
merely the P.O. Box Number), Taxpayer Identification Number (TIN), Federal Employer Identification Number (FEIN), and/or Social Security Number (SSN) with date of birth for individual consumers or sole proprietors.
If this information is not provided or obtainable from readily available industry resources, there may be instances where Prime Rate associates may contact insureds and/or their insurance agent directly to ensure compliance with the government-mandated requirements.