https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/327/What-Does-An-Agency-Owe-Its-Producers/
... agencies, I've rarely seen these practices. Those few that do practice good producer management achieve far greater success than those that do not. Many agencies forget that a fair system must eventually be based on results. The effort to be fair to all based on good faith effort is simply misguided. It's not easy to make hard decisions. However, it's far easier than having a problem and knowing that you're not doing anything about. Doing things right attracts high quality people who thrive in a fair free enterprise system. Doing it ... includes only producers. Too many agencies employ people with the title "producer" who don't really produce. If you want your agency to thrive in this market, answer this question honestly: Are all of your employees with the title Producer truly producers? Don't answer based on what you wish your producers did or what they should do. What true value does each producer bring to your agency? The biggest mistake agencies make every day is paying and treating non-producing producers as true producers. The results: excessive payrolls, damaged morale ... about. Doing things right attracts high quality people who thrive in a fair free enterprise system. Doing it right enables your agency to thrive. NOTE: None of the materials in this article should be construed as offering legal advice, and the specific advice of legal counsel is recommended before acting on any matter discussed in this article. Regulated individuals/entities should also ensure that they comply with all applicable laws, rules, and regulations. Chris Burand can be reached at Burand & Associates, LLC, PMB 345, 1829 S ...
https://completemarkets.com/Article/article-post/327/What-Does-An-Agency-Owe-Its-Producers/
...rt to be fair to all based on good faith effort is simply misguided. It’s not ...
https://completemarkets.com/Article/article-post/243/Growth-Vs-Profitable-Growth/
...hey easily make this huge leap of faith because the insurance industry is pla... growth touted in our industry is not based on profitable growth, when evalua...
https://completemarkets.com/Article/article-post/1533/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-4/
...bly not liable for the tort of bad faith for failure to pay policy benefits. The tort of bad faith, as opposed to the contractual violation of the implied covenant of good faith, could give rise to punitive damages....r. 427. The Courts will give judgment based on the arbitration decision. C.C.P...
https://completemarkets.com/Article/article-post/933/ISOS-EMPLOYMENT-RELATED-PRACTICES-LIABILITY-POLICY/
...ct, breach of the covenant of good faith and fair dealing, violation of whistl...EPL insurance policies exclude claims based on downsizing or reductions in for...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1590/AGENCY-EMPLOYMENT-AGREEMENT/
... he shall do so by notice in writing delivered to the Legal Representative of [Agency] 's Estate prior to the end of the third month following that in which [Agency] shall have died. Thereafter, [Employee] and said legal representative in good faith shall endeavor to complete the calculations necessary to agree upon the purchase price and to conclude the sale. Upon determination of said purchase price, unless [Employee] and the legal representative of [Agency] 's Estate shall agree to the contrary, shall be ... by the laws of the Commonwealth of Massachusetts in order to effectively carry out his duties hereunder. In the event [Agency] shall terminate [Employee] 's employment for cause, said notice of termination shall specify each and every ground upon which the termination is based. Except for the provisions of paragraph 10(f ) hereof, any controversy or claim, including, but not limited to questions of termination for\ cause, ability of [Employee] to perform a substantial portion of his normal and customary duties as referred ... Agency] agency with all of its stock issued to [Employee] and shall cause all of the assets he shall acquire to be transferred to said corporation. [Employee] shall then pledge all of such stock as additional security for the payment of said note. Counsel for [Agency] 's estate shall be designated as escrow agent to hold the pledged stock pursuant to a pledge agreement in a form agreed by such counsel and [Employee] . [Employee] shall execute a covenant not to compete with said corporation which ...
https://completemarkets.com/Article/article-post/1590/AGENCY-EMPLOYMENT-AGREEMENT/
... said legal representative in good faith shall endeavor to complete the calcul...