Agents – [BonkNote]

Agency Law Principal-Agent 2024 0209 – FSRA – [2023-015] – Comments – Consultation for Proposed Guidance on Life Insurance Agent & MGA Licensing Suitability — [BonkNote] CLHIA – Canadian Life and Health Insurance Association – Lyne Duhaime – [FSRA-2023-015] – 2024 0223 – 10p Reliance on Agency Law falls short: In practical terms, the vast majority of MGAs operate independently and support…

Apparent Authority 2018 – LC – Ciofoletti v. Securian Fin. Grp. — [BonkNote] No. 0:18-cv-03025-JNE-ECW (D. Minn.) – filed in federal court in St. Paul, Minnesota Doc 138 – Transcript – June 23, 2020 p27 – It’s Vacura v. Haar’s Equipment, Inc. It’s cited in the notes to this Jury Instruction, 364 N.W.2d 387 at…

Jail David Rutstein – The People that are running your company may end up in jail. 20 – Sahid – So, you are saying that Patrick Bet-David who is worth 500 Million dollars is going to end up jail? And the same … did the partnership with Integrity Marketing, a company that is worth over…

MGA – Managing General Agent 2023 1121 – FSRA – Proposed guidance on Life Insurance Agent & MGA Licensing Suitability — [BonkNote] — [link] — 34p 2024 0209 – FSRA – [2023-015] – Comments – Consultation for Proposed Guidance on Life Insurance Agent & MGA Licensing Suitability — [BonkNote] BonkNote Comment – FSRA’s Life Agent and MGA Suitability Guidance – [2023-015] – 2024 0209 – 2p…

MDRT – Million Dollar Round Table mdrt.org/ mdrtacademy.org/en-US/membership/ youtube.com/@MillionDollarRoundTable/videos 1999 – Book – MDRT – Million Dollar Closing Techniques – 2021 1208 – MDRT – Massive goals build success – [VIDEO-YouTube-03:51]

Compensation Bonuses Charge Backs Commissions Fee For Service Fee Only Flexible Compensation Overrides Target Premium Trips, etc

Independent Contractors NAIC – captive vs. independent agents – naic.softlinkillumin.net/knowledgebase/#/question/128992′ Number of agents: 422,600 total insurance agents in the US (2021) 41,290 total in California Data from BLS Captive agents – employees or contractors? In 2019, the 6th Circuit held that American Family agents were independent contractors based on the Supreme Court’s Darden standard. This essentially considers “the hiring…

Agent – Failure Rate 1962 – SOA – Discussion of Subjects of Special Interest: Agency Compensation, Society of Actuaries – 11p 1962 – SOA – Discussion of Subjects of Special Interest: Agency Compensation, Society of Actuaries – 11p (p5) – Russell R. Jensen: We have not seen much change in agent turnover recently at Northwestern…

New Agents Failure Rate / Retention Rate Financing Source Training A. What methods of subsidizing new managers or general agents are being used in scratch agencies and established agencies? What type of performance standards are required in determining when a new man should receive an increase or decrease in compensation or be terminated? B. Is…

Agent – Lead Generation 2023 1213 – Press Release – FCC – FCC Adopts New Rules To Close The ‘Lead Generator’ Robocall And Robotexts Loophole And Facilitate Blocking Of Unwanted Robotexts, Federal Communications Commission – [link] — 2p 2023 1212 – Reuters – New FCC rule on lead generation expected to spur wave of lawsuits,…