How long does it take for an application to be processed? My policy expires soon and I want to be self-insured by the time it is renewed.
Applications generally take 30-60 days to be processed. However, it may take longer, depending on how complete the initial application is, and how long it takes for the safety inspections to be completed. If you are seeking self-insurance authority, and the application is not processed before your policy expires, you will need to continue your coverage until a decision is made regarding the application.