07 Mar 2023
The Road to Hades (and to Producer Liability) is Paved with Good Intentions
Learn about key considerations to address when acquiring insurance producers, including regulatory hurdles and operational issues that are significant in the due diligence process.
Related Content
- 50 State Coverage of Producer Licensing
Do a deep dive into the laws and regulations that govern licensing and supervision of insurance producers authorized to place flood insurance with 50-state coverage of the Producer Licensing topic in the Practical Guidance Insurance State Law Comparison Tool.
- Vicarious Liability of an Insurer for Insurance Representative Actions
Explore the ways vicarious liability for a producer’s actions (or inaction) attaches to an insurer, and the various financial and regulatory impacts to the parties in controversy.
- Errors & Omissions Coverage for Insurance Representatives in Civil Suits and Regulatory Matters
Examine the coverage designed for producers in their transaction of insurance business, from exclusions and conditions to distinctions in its application.
- Producer Adverse Administrative Action Disclosure Letter
Use this template when disclosing producer-adverse administrative actions taken by federal and state regulators (and self-regulatory organizations such as FINRA) to other states' insurance regulators.
- Independent Producer Agreement
Check out this template contract for insurers, independent insurance producers, and other licensed insurance distributors; includes drafting notes.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- The Practical Guidance Journal Climate Change Special Edition features guidance for insurance practitioners on insuring for climate change and the role of parametric insurance, renewable energy initiatives, and a guide for public and private projects related to sea level rise.
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