https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...l company’s Liability coverage is primary but with only standard limits, and most Personal Auto policies are excess over those limits. What about an auto...rvative about offering Intellectual Property coverage, and there’s no standard...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2139/CERTIFICATES-OF-INSURANCE-BEST-PRACTICES/
... the data — it might well have changed! Questions and Answers Several excellent questions at the conference warranted additional research: When an agent issues a certificate of insurance, is he or she legally obligated to list all applicable policies? For example, do they list the primary and all excess policies? I could not locate any specific legal precedent while researching this issue. It makes sense to list only those &# 160coverages applicable to the request for the cert. For example, when sending a certificate to a general contractor, you ... probably need to list only the Workers Compensation, Liability and Umbrella coverages, not property. I d also suggest that an agent include all applicable policies (primary and excess) unless the request for the cert asks only for limit/coverage verification up to a certain limit. When an agent issues a certificate but the excess policy excludes certain coverage (example: pollution), should the agent list the excess policy? If the certificate request is to show proof of Pollution coverage, the agent should not indicate on the cert any ... that exclude this coverage. Listing the policies although the coverage was excluded (even with a notation) might confuse the certificate holder. If you need to issue a cancellation notice (some carriers are putting this on the agent's shoulders), should you reissue the certificate and indicate "cancelled" on it? If so, should you include the limits? I don't believe I've ever seen a certificate reissued to show that coverage has been cancelled. I suggest sending a copy of the cancellation notice or, if you're going to use ...
https://completemarkets.com/Article/article-post/793/Understanding-And-Using-The-Services-Of-Program-Administrators/
...As administer claims, since their primary purpose is to administer, underwrite...effort. And, unlike the wholesale or Excess & Surplus Lines facilities, PA...
https://completemarkets.com/Article/article-post/2139/CERTIFICATES-OF-INSURANCE-BEST-PRACTICES/
...es? For example, do they list the primary and all excess policies? I could not...ollution), should the agent list the excess policy? If the certificate request...
https://completemarkets.com/Article/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
...ing 11 vehicles left in his care. Primary garage keepers was not in place to r...e met. The duty to perform is far in excess of the average retail business, bu...
https://completemarkets.com/Article/article-post/1669/FINANCIAL-INSURANCE/
...n around for 30 years or more. A primary purpose of these plans is to stabili...ways an aggregate liability limit in excess of expected loss levels. The aggre...
https://completemarkets.com/Article/article-post/1603/Producer-Agreement/
...ly, the Producer shall act as the primary liaison with, and account executive ...l not make or retain copies of such property.
6. The Producer's Equity in Expi...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2152/WHAT-IS-AN-AGENCY-WORTH/
... growth rate of 7% after attrition, and a discount rate of 17%, produces an agency value of $1 ,021,617. The Multiple of Adjusted Net Earnings Method Revenue Ruling 59-60, Section 5 (a ) indicates that earnings should be given primary consideration when valuing firms that deal in services' for the public. This method does just that. Since agencies are not ordinarily publicly traded, there is no price available from Wall Street that applies. Large brokerage firms do not, in our opinion, represent ... 25 to 30 for operating expenses. It is at this point that the net earnings scalpel grows sharper. Under sales expenses, major offenders that might be trimmed include line items for travel and entertainment, auto expenses and other perks. Operating expenses are often inflated by excessive occupancy costs (the agent owns the building), a disproportionate number of employees, and a cornucopia of executive salaries and benefit plans. In preparing the pro forma statement, we enhance the line items just mentioned to identify expenses more specifically. For example, ... This ruling, used to resolve tax issues concerning estates and gifts, was so widely respected that the IRS decided to apply it to the valuation of other types of businesses (Revenue Ruling 68-609) . Revenue Ruling 59-60 defines fair market value as the price at which property would be transferred between a willing seller and a willing buyer, neither with any compulsion to sell or buy, and both equipped with the pertinent, relevant facts. Revenue Ruling 59-60 makes two major points pertinent to the determination of value: The valuation must include all ...
https://completemarkets.com/Article/article-post/2152/WHAT-IS-AN-AGENCY-WORTH/
...tes that earnings should be given primary consideration when valuing firms tha...
https://completemarkets.com/Article/article-post/2561/Infomercials-Good-Bad-or-Ugly/
... from now, they may be one of the primary methods of generating insurance sale...