Company Information

Get to know Prime Rate Premium Finance

Founded in 1984, Prime Rate Premium Finance Corporation, Inc. is a specialty lender that provides financing for insurance premiums. The company partners with independent insurance agents to offer flexible payment plans to individuals and businesses, allowing them to spread the cost of their insurance policies over time instead of paying a large lump sum upfront. As a subsidiary of First Mid Bank & Trust, Prime Rate aims to deliver reliable service, competitive rates, and advanced technology to streamline the premium financing process for both agents and their clients.

Industry

Financial Other ServicePRIMARY
Financial Insurance
Financial Payment

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Prime Rate Premium Finance

United States

Founded in

1984 (42 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

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Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.