Insurance Agent/Broker Malpractice in Alaska byMichael Sean Quinn, PhD, JD, CPCU, Etc.|Dec 7, 2023|INSURANCE LAW|0| Fine Arts Auctions, Guarantors, and Insurance byMichael Sean Quinn, PhD, JD, CPCU, Etc.|Dec 7, 2023|INSURANCE LAW,INSURANCE LAW HISTORY|0| ...
Twitter Google Share on Facebook Fidelity Insurance An agreement whereby, for a designated sum of money, one party agrees to guarantee the loyalty and honesty of an agent, officer, or employee of an employer by promising to compensate the employer for losses incurred as a result of the disloya...
Breach of Duty:Agents who exceed the reasonable bounds of implied authority may be held liable for breach of duty. If an agent acts outside the scope of their employment or commits fraud, they may be personally liable for their actions and could face legal consequences. Actual Authority vs. ...
Relevant departments have intensified efforts to combat the illicit practice of "policy surrender through agent", which include: a multi-department joint strike mechanism; comprehensive use of regulatory technology; leveraging the advantages of centralised data management; implementing information sharing and...
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Agent - One who solicits, negotiates or effects contracts of insurance on behalf of an insurer. His right to exercise various functions, his authority, and his obligations and the obligations of the insurer to the agent are subject to the terms of the agency contract with the insurer, to ...
One P&C insurer built a cognitive virtual agent that could conduct a conversation with customers in natural language. With the automated ability to answer a wide variety of consumer questions while gathering information for a quote, the insurer realized a higher percentage of completed applications and...
this informational resource is not intended to fully set out your rights and obligations or the rights and obligations of the insurance company, agent or agency. If you have questions about your insurance, you shouldcontactyour insurance agent, the insurance company, or the language of the insuran...
The trustee is clearly a fiduciary. Now imagine something in the middle. What kind of relationship exists between a life insurance agent and a client who purchases a life insurance policy or annuity? Does this involve buying a product or receiving advice鈥攐r both? Is the relationship fiduciary...
WE’RE HERE TO HELP Whether you’re a nonprofit, privately held or a public company, it is likely that your business can benefit from a D&O policy. Since there is no such thing as a “standard” policy, a professional agent is invaluable when purchasing D&O coverage. We understand your ...