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... money when you use our directory of carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines Professionals Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all ... as it might, agencies should almost never write a temporary contract on top of a policy that already exists. Just because the paper policy hasn't arrived, doesn't necessarily mean that coverage doesn't exist. Evidences of Insurance In Personal Lines, most insureds, banks, and real estate agents need evidences of insurance, not binders. The policy is in effect, but has not arrived. So why not provide evidence of insurance rather than a binder? Certificates of Insurance First, let's call this area what it is - a mess. ... have such a mishmash of laws or lack of laws and regulations among the states that what works in one state isn't necessarily relevant in another jurisdiction. This has become glaringly obvious with the new ACORD certificate form. Second, when an agency is trying to go the extra mile for its insureds by providing certificates that fit their needs, they should not overstep their authority. Agents do not have authority to change language without explicit written authority from a carrier. If an agency changes the language, the agency might be violating copyright law ...

...hip or sole proprietorship to hold real estate (such as your agency office building)...ary E. Jacobson, JD can be reached at Vander Wel, Jacobson, Bishop & Magnusson...

... or circumstances' affecting the financial stability of the company and the quality of the insurance protection being provided. Monitoring the financial condition of carriers has clearly become an on-going legal responsibility. It is also emerging as a public relations issue for agents. Comparisons between the insurance industry and the S&L situation are frequent fodder for the press. And the recent failures of several Life insurance carriers have served to fuel the flames. Insureds are demanding that agents have adequate information on insurance companies. It is part of the package of professional ... Dramatic changes in written premiums from one year to the next Surplus growing faster than 10% a year (could be unstable growth) Transfer of loss reserve portfolio (manipulation of the financial statement) Consistently under-reserving on your claims Questionable investments (junk bonds, too much real estate) Agent grapevine is giving some negative signals SECTION III-ITEMS THAT COULD BE INDICATIONS OF SOME FINANCIAL DIFFICULTIES: Assign one (1 ) point for every YES answer on the portion of the checklist. Consistently poor business decisions being made Information coming from branch inconsistent with ... from home office Employee morale down and turnover among underwriters up Letter from company denying rumors (add extra point if you hadn't heard rumors) Change in agency contracts, especially termination or profit-sharing procedures Extensive changes in agency force (many appointments or terminations) Makes erratic changes in underwriting authority, either more or less Slowdown in paying claims Slowdown in processing return premium endorsements and audits Overall deterioration in service Much lower rates or higher commissions than similar companies Enters new lines of business or markets that other companies are avoiding Sudden withdrawal from a territory ...

...la Beach & Tennis Club, Inc. v. Industrial Indemnity Co. (1993) 19 Cal.App.4th...ell as contract claims. Gilmer v. Intestate/Johnson Lane Corp. (1991) ___ U.S....

...with only marginal vigilance, this real-life insolvency could have been 'predi...uating a carrier’s financial stability and minimizing the risk of an E&O c...

... money when you use our directory of carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines Professionals Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all ... prior to the Closing Date. The Agency has no subsidiaries, whether wholly or partially owned, nor is the Agency a party with any other entity or individual in any joint venture or other undertaking. k.The Agency does not own, and never has owned, any real property. The Agency has no agreement with any employee, director, agent or officer except oral agreements of employment that may be terminated at will. SCHEDULE 3(l ) contains a true and complete roster of the employees of the Agency setting forth the name ... . The Agency is not in default of any of its obligations with respect to said lease or the occupancy of said premises. Neither the Agency nor the Sellers have received any notice of eviction or other notice to quit said premises. The Agency occupies no other real estate. Except as set forth on SCHEDULE 3(l ), the Agency currently does not have, and has never had, any pension, benefit, profit sharing, retirement, deferred compensation, welfare, disability, bonus, severance pay or other similar employee ...

... money when you use our directory of carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines Professionals Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all ... prior to the Closing Date. The Agency has no subsidiaries, whether wholly or partially owned, nor is the Agency a party with any other entity or individual in any joint venture or other undertaking. k.The Agency does not own, and never has owned, any real property. The Agency has no agreement with any employee, director, agent or officer except oral agreements of employment that may be terminated at will. SCHEDULE 3(l ) contains a true and complete roster of the employees of the Agency setting forth the name ... . The Agency is not in default of any of its obligations with respect to said lease or the occupancy of said premises. Neither the Agency nor the Sellers have received any notice of eviction or other notice to quit said premises. The Agency occupies no other real estate. Except as set forth on SCHEDULE 3(l ), the Agency currently does not have, and has never had, any pension, benefit, profit sharing, retirement, deferred compensation, welfare, disability, bonus, severance pay or other similar employee ...

... money when you use our directory of carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines Professionals Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all ... prior to the Closing Date. The Agency has no subsidiaries, whether wholly or partially owned, nor is the Agency a party with any other entity or individual in any joint venture or other undertaking. k.The Agency does not own, and never has owned, any real property. The Agency has no agreement with any employee, director, agent or officer except oral agreements of employment that may be terminated at will. SCHEDULE 3(l ) contains a true and complete roster of the employees of the Agency setting forth the name ... . The Agency is not in default of any of its obligations with respect to said lease or the occupancy of said premises. Neither the Agency nor the Sellers have received any notice of eviction or other notice to quit said premises. The Agency occupies no other real estate. Except as set forth on SCHEDULE 3(l ), the Agency currently does not have, and has never had, any pension, benefit, profit sharing, retirement, deferred compensation, welfare, disability, bonus, severance pay or other similar employee ...

... not own, and never has owned, any real property. The Agency ...e numbering of the Sellers' warranties and representations in said section 3. ...