https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2096/AGENCY-AUTOMATION-E-O-FRIEND-OR-FOE-%E2%80%94-Part-1-DOWNLOAD/
... 160 Hold-harmless provisions; Use of information from the carrier's Web site may not be copied, reproduced, etc., without the permission of the carrier; Retention of records in the event of termination of the agreement; and Retention of signed documents and by whom. &# 160 One of the more common types of agency automation is download (the process in which a company sends data to you electronically) . In many respects, download replaces what's fast becoming the antiquated system of mailing paper documents. Although download is more common in Personal Lines, its use with Commercial files, as well as billing and loss information, is rapidly increasing. &# 160 A download file is usually sent each night to the agent's mailbox. To ensure that you're dealing with ... So, it stands to reason that electronic transmission of data won't be any more accurate. Don't assume that downloaded information is error free! Proofread and review it as carefully as you would a paper copy. &# 160 Most companies will assign passwords to agents so that they can access, review, and retrieve data. Make sure you consider the likelihood of security breaches if an employee leaves your agency. Could this person retain access to significant data about your clients? If so, make sure you either change your agency password or notify the carrier that they're no longer an employee and should be removed from the access list. Designating one employee to handle agency/company interface is helpful, since they can assume responsibility for notifying carriers of such situations. & ...
https://completemarkets.com/Article/article-post/2804/The-True-Cost-of-Downtime-Why-Insurance-Companies-Need-Stronger-IT-Support/
...and. More than half of significant data center outages now cost over $100,000,...gure outage or a multimillion-dollar breach. Viewed as risk transfer, stronger...
https://completemarkets.com/Article/article-post/1599/Page/
... access to such files, records and data as shall be requested in order to perm... by the other party arising out of a breach of this Agreement by the party of ...
https://completemarkets.com/Article/article-post/2083/TRADITIONAL-VS-E-COMMERCE-INSURANCE/
... of theft of confidential data, which can be accessed online. ...ntial losses resulting from security breaches, such as network hackin...
https://completemarkets.com/Article/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
...ts (marketing system). 2. Gathers data and analyzes needs (risk management sy...such as cocktail napkins, would be a breach of the system and therefore not sy...
https://completemarkets.com/Article/article-post/21/Protect-Private-Information-From-Outsiders-%E2%80%94-And-Insiders/
...ng their way into your network and database.
CASE #1
ChoicePoint, a p...otecting the privacy of your clients’ data makes good business sense. No agenc...
https://completemarkets.com/Article/article-post/2781/Risk-Management-Strategies-for-Small-Businesses/
...cybersecurity goes deeper.
Regular data backups are essential for all businesses. Backing up data ensures critical information is not h... them into vigilant guardians of your data, helping to ensure cyber criminals...
https://completemarkets.com/Article/article-post/19/Sample-Electronic-Communication-Policy/
...rs need to share computer resident data, they should use message-forwarding fa... to aggressively implement Electronic Data Interchange (EDI) and other electro...
https://completemarkets.com/Article/article-post/2085/HIDDEN-LIABILITIES-IN-MERGERS-AND-ACQUISITIONS/
...nd disagreement. Today, electronic data processing is a necessity in all major... Data Processing ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/804/Follow-The-Rules-When-Completing-Life-Insurance-Applications/
... have known, that the policy was a replacement policy. Accordingly, the court reversed and remanded the case to determine whether the insurer's negligence caused the insured to cancel his old policy. [Strother v. Capitol Bankers Life Ins. Co., 834 P. 2d 1111 (Wash. App. Div. 1 1992) . Case information courtesy of Legal Notes For Insurance, published monthly by Data Research, Inc., P.O. Box 490, Rosemount, MN, phone (800) 365-4900.] My feeling is that the spirit and letter of anti-replacement laws and rules (and some company contracts) are anti-consumer and anti-agent in order to be pro-carrier, in effect forcing or encouraging agents to advise clients to retain obsolete policies. This is not to support twisting, ' which is ... The insurer appealed. The higher court found that the insurer could raise a misrepresentation defense. The appellate court noted that when the Life insurance policy was issued to the decedent, he had an opportunity and a duty to read the application and correct any misrepresentations. Moreover, the insured ratified the misrepresentations concerning his mountain-climbing by his signature. However, the higher court also found that the insurer might have breached a duty to the insured because the insurance agent knew, or should have known, that the policy was a replacement policy. Accordingly, the court reversed and remanded the case to determine whether the insurer's negligence caused the insured to cancel his old policy. [Strother v. Capitol Bankers Life Ins. Co., 834 P. 2d 1111 (Wash. App. Div. 1 1992 ...