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...with only marginal vigilance, this real-life insolvency could have been 'predi...stionable investments (in affiliates, real estate, cash increases, low yields, etc.)...

...nes of business. Take stock of the real benefits of working for you agency. Co...

... . No warranties, express or implied, are made that the list is either a predictor or a guarantor of a company's financial condition. To illustrate the use of the Insolvency Checklist, please download this financial information excerpted from a 1983 A.M. Best report on a real carrier we'll call the Big Red Insurance Co. (to protect the innocent, guilty, and embarrassed) . Big Red was declared insolvent in 1985. The document presents seven categories of A. M. Best information as exhibits:General Information (Exhibit 1 ... there been any negative operating income or sustained underwriting losses during the past three to five years? Yes. Exhibit 5 indicates a significant deterioration of underwriting and bottom-line operating losses over the past five years. Has the company made any questionable investments (in affiliates, real estate, cash increases, low yields, etc.)? Yes. Using the yields and asset values from Exhibit 2, Big Red's return on investment was only about 2% . In addition, the cash component of the investment portfolio increased from 12.2% to ... most of your time should be focused on tasks and issues that are Important, but Not Urgent' — i.e., the critical functions that affect survival and success. The same can be said for monitoring the financial stability of the carriers you use for direct and brokered business. With more urgent tasks at hand, it's all too easy to ignore warning signs that you could uncover with minimal effort. This article will review methods for you to protect yourself and your clients from insurer insolvency, and provide a handy downloadable tool that ...

... tax-free, the full face amount, which includes the premium plus accrued interest. And, like all Life insurance, Single-Premium Whole Life provides estate liquidity. Death benefits go directly to the beneficiary without any income tax liability and without going through probate. However, the real benefit of Single-Premium Whole Life insurance is as a cash accumulation vehicle. There are few vehicles available today that allow an investor to put money in and draw money out without having to pay immediate taxes on it. Single-Premium Whole Life provides that advantage. The insured ... generally is guaranteed to be at least 4% . If the policy is left untouched, at death it will pay out, tax-free, the full face amount, which includes the premium plus accrued interest. And, like all Life insurance, Single-Premium Whole Life provides estate liquidity. Death benefits go directly to the beneficiary without any income tax liability and without going through probate. However, the real benefit of Single-Premium Whole Life insurance is as a cash accumulation vehicle. There are few vehicles available today that allow an investor to put ... be handling too high a percentage of hot money. Brokerage: Some financial advisers believe that it's better to go with companies that are either very heavily or exclusively involved in brokerages, on the theory that they are more likely to be focused on meeting the needs of their brokers. That might prove important if you are brokering Single-Premium Whole Life products. This list is by no means all-inclusive, but it is a good summary of the factors you need to examine when you analyze the companies you'll use to write a product like Single-Premium Whole ...

...er amount of coverage to obtain on real property, absent a special relationshi...ell as contract claims. Gilmer v. Intestate/Johnson Lane Corp. (1991) ___ U.S....

...oing through probate. However, the real benefit of Single-Premium Whole Life i...hole Life assets in place of bonds or real estate may increase a family's eligibilit...

... counsel) that he has read the applicable insurance requirements and the coverage provided complies there with. Could this create a separate obligation? Since we're not attorneys, we can't say for sure, but it certainly doesn't keep you from being sued on such basis. In Bradley Real Estate Trust, et al. v. Plummer & Rowe Insurance Agency, Inc., 609 A2d 1233 (Sup. Ct. NH, 1992), the court said, In effect, the certificate is a worthless document; it does no more than ... certify that insurance existed on the day the certificate was issued. We leave it to the legislature or to the future bargaining of the parties to rectify inequities in the notification process. In Mountain Fuel Supply v. Reliance Insurance Co., 9333 F2d 882 (10th Cir. 1991), the court ruled that, The language in the notice of cancellation clause appears to be phrased so as to avoid creating any firm obligation to give notice. It states that the insuring company ‘will endeavor' to mail notice to the ... information, check out the article ' Certificates Of Insurance in Construction Accident Coverage Litigation: The Disclaimer Language Is Effective , ' which cites several other court cases and concludes, However, where the certificate of insurance does not contain the disclaimer (or where the agent/broker modifies the standard disclaimer in such a way as to eliminate the operative language), the insurer cannot rely on policy provisions inconsistent with the terms of the certificate of insurance. Finally, the arguments above apply to an agent's obligation to notify certificate holders of cancellation, ...

...people in other industries such as real estate or banking who want to enter th...m during the period of time that the estate is being settled and then to sell ...

...m your carriers 4. Referrals from real estate brokers 5. Mailing lists from ...f companies related to yours, such as realtors. The drawback is that most comp...