https://completemarkets.com/Article/article-post/1528/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-TABLE-OF-CONTENTS/
...d other governmental bodies 3.2 Trust accounts 3.3 Record retention 3.4 Unfair practices and antitrust violations 3.5 Placing insurance ...paragraph 6.1 Do I have a will, trust, or gift giving program that adequ...
https://completemarkets.com/Article/article-post/2365/Getting-A-Company-Appointment-Part-2/
...e. What’s your current ratio, your trust ratio, receivable ratio, and tangible...be good for the customer, the company, and your agency.
https://completemarkets.com/Article/article-post/101/Document-Your-Accounting-Procedures/
...t. Make sure it's a person you can trust, and get this person involved in documentin...get names of individuals who can help, and get started immediately. Whichever ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1528/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-TABLE-OF-CONTENTS/
... book of business on retirement 2.3.2 Buy-sell agreements for corporate shareholders, and partnership retirement agreements for partners 2.3.3 Life insurance funding CHECKLIST FOR PRODUCER AGREEMENTS CHECKLIST FOR BUY-SELL AGREEMENTS ADDITIONAL READING CHAPTER THREE: STATUTORY DUTIES OF INSURANCE PRODUCERS 3.1 Regulation by Insurance Department and other governmental bodies 3.2 Trust accounts 3.3 Record retention 3.4 Unfair practices and antitrust violations 3.5 Placing insurance 3.6 Other regulations CHECKLIST ON ADMINISTRATIVE MATTERS CHAPTER FOUR: LITIGATION, LIABILITY INSURANCE, AND DISPUTE RESOLUTION 4.1 Risks posed by litigation 4.2 Claims by clients for errors & omissions and related matters 4.2.1 Theories ... agreements with agencies covering purchase of book of business on retirement 2.3.2 Buy-sell agreements for corporate shareholders, and partnership retirement agreements for partners 2.3.3 Life insurance funding CHECKLIST FOR PRODUCER AGREEMENTS CHECKLIST FOR BUY-SELL AGREEMENTS ADDITIONAL READING CHAPTER THREE: STATUTORY DUTIES OF INSURANCE PRODUCERS 3.1 Regulation by Insurance Department and other governmental bodies 3.2 Trust accounts 3.3 Record retention 3.4 Unfair practices and antitrust violations 3.5 Placing insurance 3.6 Other regulations CHECKLIST ON ADMINISTRATIVE MATTERS CHAPTER FOUR: LITIGATION, LIABILITY INSURANCE, AND DISPUTE RESOLUTION 4.1 Risks posed by litigation 4.2 Claims by clients for errors & ... and related matters 4.2.1 Theories of recovery Breach of contract Professional negligence Deceit Other theories 4.2.2. Fact situations leading to claims Failure to obtain available coverage Failure to inform when coverage not available Misstating facts in the application or misstating coverage Failure to advise what coverage the client should get Placing coverage with an insolvent carrier 4.2.3. Steps to take to avoid claims 4.2.4. Steps to assist in defense of claims 4.2.5. Alternatives to having the Errors & Omissions Carrier conduct the defense Seeking defense and indemnity by agent from his carrier Getting the client the ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1530/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-1/
... taxed like a partnership in most respects. Not all corporations can qualify for subchapter S status. For example, it can have no more than 35 shareholders, it can have only one class of stock, and the shareholders must be individuals (or estates or certain trusts) . This means that a partnership can't hold S corporation stock. Limited liability of shareholders is a feature of an S corporation, just as for a C corporation. Passthrough taxation of income to shareholders is the major feature of an S Corporation. An S ... of the agent's retention of ownership in his expirations. However, Subchapter S is useful in passing through capital gains on the sale of corporate assets, and in reducing employment taxes. This form also might make it possible for the remaining agents to purchase and amortize a departing agent's book of business and good will, while giving the departing agent capital gains treatment. This is a somewhat risky proposition in light of the anti churning' rules applying to amortization; it would be necessary to show that there was no common control of the ... bring business advantages over a proprietorship. Members may be able to get assistance from other agents. Members may be able to share markets. Members may qualify for other benefits not available to individuals, such as all being combined for company profit sharing purposes, or better errors & omissions coverage. Members may share expenses and reduce their costs. Other members of the cluster may be potential purchasers of the agent's business on his retirement. A cluster brings risks as well. No corporate protection for lawsuits exists under an unincorporated cluster agreement. ...
https://completemarkets.com/Article/article-post/1530/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-1/
...individuals (or estates or certain trusts). This means that a partnership can'...ding. If the ESOP were set up earlier, and could gradually build up funds to b...
https://completemarkets.com/Article/article-post/1652/PAYROLL-DEDUCTION-EMPLOYEE-BENEFITS-MODULEV-B/
...t choose a firm that he or she can trust to provide good service. Which bring... and cuts down on the probability of errors. trust your E&S broker with such sensiti...in the long run for you, your clients, and your agency.