Posts for Archives: News
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Does the Corporate Transparency Act apply to insurance agencies?
A number of our commercial policyholders are scrambling to file statements of beneficial ownership under a federal law called the Corporate Transparency Act (CTA). Are insurance agencies and brokerages required to comply? -
Can we participate in an auto body shop business promotion?
Is it permissible for our agency to offer any referrals of auto body shops in our area? When our customers ask, we generally offer two or three. -
Can a lender impose insurance coverage requirements?
Can a lender demand that a mortgagee purchase a specified amount of insurance, or purchase a policy from a specified lender? -
Are we required to provide SSNs and credit score information to insurers?
We recently contacted a carrier for an organization appointment and were asked to provide personal information on the employees who would be transacting insurance under the organizational license -
How is FDIC protection applied to producer trust accounts?
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Can we send policies and other notices to our customers electronically?
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When can insurers impose short-rate cancellation penalties?
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Are we required to report suspicions of fraud?
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Must insurers notify producers of policy non-renewal?
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When does wrongdoing need to be reported to CDI?