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... they write and under what terms. Excess & Surplus Lines (E&S) carrier...policy term. CONCLUSION We’ve only covered the tip of the iceberg in soft ma...

...ances of personal lines profit in excess of 35%. We have also identified actua...y responsibility to provide the best coverage possible for his or her insureds...

...et. The duty to perform is far in excess of the average retail business, but h...the system we've described should not overwhelm you. It can be as simple as a ...

... agency advocate. There are fewer exposures when you go from a hard market to a soft market than when going from a soft market to a hard one. When the market hardens, standard carriers become more selective about what business they write and under what terms. Excess & Surplus Lines (E &S ) carriers increase their writings considerably. When you need to move a standard policy into an E&S market, you must consider a number of due diligence areas, such as: Policy coverage and definitions Restrictive endorsements Occurrence ... information source and expect you to inform them of developments that might affect them. Communication with clients is more important than ever amid the company mergers, acquisitions, and realignments, and the expected regulatory changes. For example, although the causes of an insolvency might evolve over time, it could be triggered by a sudden event — such as a catastrophe loss, an unexpected revenue reduction, or a market downturn that reduces investment income — without which there might not be an insolvency at all. It's crucial to pay attention to your ... performance! POLICY COVERAGE Policy coverage involves two broad areas: Policy forms, coverage, definitions, and endorsements Occurrence/claims made, coverage triggers, retroactive date, and extended reporting periods We've mentioned the differences between E&S and standard markets; but you might also have problems going from one standard carrier to another. Although many carriers use ISO or AAIS coverage parts and forms, a number of carriers use their own filed forms. Also, a carrier might use an ISO form and then file its own endorsements. Definitions ...

... of government employees, overtime compensation must be paid in cash. For example, it's illegal to offer an employee a future vacation day in return for working an extra two hours per day for four days. Compensatory time off is prohibited as payment for hours worked in excess 40 hours a week. TRAVEL TIME AS OVERTIME Generally, travel time for business purposes during work hours requires overtime pay, while ordinary home-to-work travel does not. Consider these circumstances: Working While Traveling: Time spent working while traveling is considered compensable work time. ... In my opinion, under no circumstances will a true customer service rep position ever pass the FSLA exemption test. Among the exceptions to the Act, the most frequently applied are the executive, the professional, and the administrative exceptions. An employee who has supervisory authority over other employees and is paid a salary (that is, not paid on an hourly basis) is considered an executive. A professional employee is generally an individual whose work is based on an advanced degree, such as a lawyer or doctor. The administrative exception ... on the witness stand. Here it is: ADMINISTRATIVE EXEMPTION TEST If employees are paid at least $250 per week, or $13,000 annually, they will be exempt from the overtime provisions of the FLSA if: The employees earns a salary. Their primary job responsibility is the performance of non-manual work, and The employee's primary duties include work requiring the exercise of discretion and independent judgment (Donovan v. United Video, Inc., 1984) . Primary Duty Requirement To be exempt under the Administrative Exemption Test, ...

... your most important allies is an Excess and Surplus (E&S) lines broker you can depend on to obtain coverage quickly for difficult exposures and...annual reports, and currently valued claims information are more likely to be ...

...nsurance means primary insurance, excess insurance, reinsurance, surplus lines...son has actual notice of such order. Oversight of Implementations: Report to ...

...cy shall be written for a term in excess of one year with premiums paid on an ...ing sent via Federal Express or other overnight carrier service that requires ...