New agency contract language raises concerns. (agency ownership of expirations): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on August 23, 1993. The length of the article is 1007 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Insurance agents, attending the Professional Independent Insurance Agents of America of Illinois annual meeting, were warned to challenge contractual changes that insurance producers may make that would limit agency ownership of expirations. Independent Insurance Agents of America's Rebecca Choi cautioned agents to negotiate with producers, rather than take a belligerent stance and thus endanger gaining new markets. Some producers are asking for a share or security interest in expirations which, if granted, would hinder agencies in selling the agency or borrowing money.

Citation Details
Title: New agency contract language raises concerns. (agency ownership of expirations)
Author: Colleen Mulcahy
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: August 23, 1993
Publisher: The National Underwriter Company
Issue: n34 Page: p9(2)

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