GAP Application

GAP Application

 

 

 

 

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Type of Institution - Check all that apply

  Commercial Bank

  Finance Company

  Savings Bank

  Credit Union

 

Instrument - Check all that apply

  Loan

  Balloon Loan

  Lease

 

Portfolio Information

 

 

 

 

 

 

 

 

 

 

 

Origination Source

  Direct

  Dealer

Geographic Origination - Four Largest States

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Portfolio Information

   YTD Last Year 2 Years Ago
 # Instruments Made
 
  # Instruments Outstanding
 
  Max Instrument Amt.
 
  Avg. Instrument Amt.
 
  Avg. Sales Price as % of MSRP/NADA Retail
 
  Avg. Down Payment as % of Sales Price
 
  Min Down Payment as % of Sales Price
 
  Avg. Original Term (months)
 
  Avg. Actual Term (months)
 
  Maximum Original Term
 
  Avg. APR
 
  # of Total Losses Reported To You
 
  # of Thefts Reported To You
 
  Avg. Deficiency if Insurance Settlement is Insufficient to pay off the Instrument

Residual Value Publication Used - (If Lease or Balloon Loan)

  ALG

 

 

  Black Book

 

 

 

Type of Coverage Requested

  Blanket Non-Reinsured

  Blanket Reinsured

  Voluntary Non-Reinsured

  Voluntary Reinsured

  Other

 

If reinsured, do you own a reinsurance company that you wish to use?  

Point of Sale

  At Applicant's Locations

  At Dealer

  Other

 

Insurance Information

Do you require that the borrower/member carry adequate insurance naming you as the loss payee?

Do you require written evidence of this insurance?

Is insurance monitoring now provided by a service company?

 

 

Your Current GAP Insurance

Do you currently have GAP insurance on your portfolio?

 

Is it reinsured?

 

 

  Blanket

  Optional To Borrower/Member

Existing GAP Insurance Results Summary

   YTD Last Year 2 Years Ago
 Premium Paid to Carrier
 
  Losses Paid By Carrier
Excluding Loss Adjustment Expenses
 

Agent Information