https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2071/MANAGING-THE-CLAIMS-HANDLING-PROCESS/
... important that: the function is well managed proper follow-up occurs to guarantee client satisfaction personnel keep track of how the carriers are responding to claims to ensure proper and timely service Poor claims-handling by the firm's personnel or an insurance company adjuster can cost the firm the account. Public relations can slide when a client who suffers a loss isn't covered or when the claim is poorly handled. These thing can also cost a firm future clients and irreparable damage to its name and reputation. Even though the insurance company may be at fault, and ... if the producer finally gets the claim properly handled and reimbursed, nine in 10 instances will cost the firm the account due to the client's suffering stress and strain. As consultants, we don't hold a strong preference as to whether the firm keeps a separate claims department or makes CSRs responsible for claims. It's up to management to decide whether clients are better served by having the person they know handle the claim (the producer or CSR) or by having a competent claims person take care of it. We recommend a separate claims ... & Links Categories Popular Recent All Back Managing The Claims Handling Process 4/30/2013 10:43:49 PM by CompleteMarkets Editor , Catherine Oak This content has not been rated yet. MANAGING THE CLAIMS HANDLING PROCESS by Catherine Oak The claims function in a firm is usually handled in one of two ways: 1. CSRs or the producers handle the client's claims from start to finish. 2. A separate claims department handles all aspects of the claims process. Since the most critical service provided to clients for their premium ...
https://completemarkets.com/Article/article-post/2071/MANAGING-THE-CLAIMS-HANDLING-PROCESS/
...er can cost the firm the account. Public relations can slide when a client who suffers... management, automation, clustering, Errors and Omissions, evaluations, mergers and producer compensation. You may E-ma...
https://completemarkets.com/Article/article-post/1817/CYBERSECURITY-OPPORTUNITIES-FOR-AGENTS/
...nal private networks, traditional public networks, the Internet, and the vario...nally appeared in Rough Notes magazine and is reproduced by permission.
https://completemarkets.com/Article/article-post/2064/MANAGING-THE-CLAIMS-HANDLING-PROCESS/
...can cost your agency the account. Public relations can slide when a client who suffers...t (707) 935-6565 . e-mail catherine@oakandassociates.com, or visit www.oakandassociates.com.
https://completemarkets.com/Article/article-post/2622/Stock-Purchase-Agreement/
...ht, Sharp and Accurate, Certified Public Accountants, Cambridge, Massachusetts...e numbering of the Sellers' warranties and representations in said section 3.
...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1652/PAYROLL-DEDUCTION-EMPLOYEE-BENEFITS-MODULEV-B/
... The agent's client, the employer, benefits in more subtle ways from a voluntary payroll deduction benefits plan. With such a plan, the company can provide desirable benefits to employees with no out-of-pocket, hard dollar expense. The company may also benefit from a number of public relations standpoints: by providing employees with products and services they might not be able to obtain on their own, by establishing a competitive edge in attracting new employees and retaining present ones, and by offering individually flexible benefits to employees instead of offering one generic package ... (Note: With some plans such as those formed under Section 125 of the Internal Revenue Code, the employer may see some actual monetary benefit. These types of plans are discussed later in this campaign.) Employees who take advantage of the program benefit the most. The specific advantages will vary with the program, of course, but, in general, employees benefit in the following ways: Guaranteed-issue or liberalized underwriting coverage. Medical exams or questions are not likely to be necessary above a certain premium level. Ownership. Employees ... plan. The variety and arrangement of plans available depends on the insurance carrier through which the plans are written and the type of plan offered. The agent's role in selling these plans can also vary-from just selling the idea to the employer and then letting an outside enrollment firm handle employee sales and administration to selling and administering the plan entirely alone. Most agents choose the former course because the administration of such a program entails specialized knowledge and much work. The plans themselves vary with carriers, as noted, but, typically, a ...
https://completemarkets.com/Article/article-post/1652/PAYROLL-DEDUCTION-EMPLOYEE-BENEFITS-MODULEV-B/
...may also benefit from a number of public relations standpoints: by providing employees... and cuts down on the probability of errors. and where the publicity of high jury awards makes legal ac...t on the morale of the other employees and the overall productivity of the agency, and yet the owners feel that they canno...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1534/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-5/
... and deferral of tax by the acquired shareholder. If you plan to use a reorganization, don't plan on being able to amortize the expirations. You can still amortize a covenant not to compete. The sale of the new stock received by the seller' to a public company may be restricted for a period of time under the securities laws. Frequently two or more years must elapse before the seller can cash out the stock he receives on a reorganization. The acquirer suffers dilution of the ownership interest of its shareholders. This is ... get both deductions and capital gains treatment. Sales of expirations and good will get the same treatment as capital gains, and are amortizable over 15 years in many cases. Sales can't be amortized, however, for self created intangibles', or intangibles sold to a related person' or the agent and the acquirer are engaged in business under common control' (IRC Section 197(c )( 2 ), (f )( 9 ) . This means that it will be tricky to use amortization of expirations and good will in ... shareholder, but (c ) generates no cash for the acquired shareholder until the stock is sold (normally on an exchange) . Mergers are normally used by large brokerages which are expanding by acquiring local agencies. They are used much less frequently in acquisitions by smaller firms. There are several types of tax deferred reorganizations involving two or more corporations, including statutory mergers, stock for stock exchanges, and stock for asset exchanges. IRC 368. If the agency game plan is to grow through mergers, or to be acquired down ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2015/LIMITED-LIABILITY-COMPANIES-WHAT-YOU-NEED-TO-KNOW/
... members will probably manage it directly by majority vote. There may be some risk in that format, since individual members may be able to bind the LLC contractually on third-party transactions despite agreement provisions between them prohibiting this. Also, your LLC agreement is usually not a public document, so no one has notice of any limitations on powers of the members. If your initial certificate filed with the state specifies managers, ' then third parties have received notice on public record of your manager-controlled format. Generally there will be no liability solely ... in a sale of assets out of the corporation. Your combined tax can then easily exceed 50% (in some states, it can be over 70%)- but careful tax planning can often reduce some of this very high exposure. The double-tax problem is relatively new, having started in 1989 as a result of the 1986 tax act. Unfortunately, the majority of agencies today are C corporations. With Subchapter S corporations, on the other hand, all income flows through onto the owners' personal tax returns; that ... of a corporation. The LLC agreement itself combines many provisions found in a corporation's articles and bylaws and in shareholder buy/sell agreements. It's important to note that LLCs aren't the same as limited liability partnerships (LLPs) . LLPs are mostly for classic professional' firms, such as those comprised of CPAs or attorneys. They don't protect members from commercial-type debts, such as a premises lease, or from their own professional malpractice; but they do provide protection from cross-liability for E&O and torts of the LLP's other participants ...