Requirements for Service Fee Agreements
Question: “Are there any disclaimers or any other special information we need to include in a service fee agreement in addition to what’s in the attached form?” Answer: The only…
Question: “Are there any disclaimers or any other special information we need to include in a service fee agreement in addition to what’s in the attached form?” Answer: The only…
Question: “My client is trying to close on the purchase of a house, and his bank won’t accept an insurance binder at the closing as proof of insurance. Doesn’t the…
Question: “How do I prove to my client’s customer that my client, a sole proprietor with no employees, is not required to carry Workers’ Compensation insurance? The New York State…
Question: “We’re being asked to print off policies more and more. How does the New York State Department of Financial Services (DFS) feel about us mailing USB drives to insureds?…
You can ask the New York State Department of Financial Services to change the name on your license by writing an email to its Licensing Bureau and providing six pieces…
You must give your policyholders at least two months’ warning if you’re going to drop them, change or reduce their coverage, or hike their premiums.
Watch this two-minute video to learn what new car-sharing regulations mean to your clients and you.
Question: “We have a fire claim on a building, and I know I have a coinsurance problem. The building limit is around 55% of what it should have been. The…
Question: “I am licensed for property and casualty, and our agency handles New York State Disability Benefits Law (DBL) and Paid Family Leave (PFL) policies/questions in our commercial lines department.…
Question from a member: “On a personal auto application for one of our carriers, it requests information on all residents in the household, including young children. This insured was written…