Social Media – Topics – Page 7

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…

Marketing and Distribution Distribution Marketing Service Servicing 2020 07 – SOA – Marketing and Distribution: Who Sells and Distributes, By Nick Ortner and Brendan Costello, edited by Mike Prendes, Society of Actuaries – 4p GLOSSARY OF DISTRIBUTION HIERARCHY TERMS Field Marketing Organization (FMO)/Independent Marketing Organization (IMO) General Agent (GA), Brokerage General Agent (BGA), and Managing General…

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…

Chargebacks Perhaps the most common criterion today to measure an agent’s performance during his financing period is the net annualized premium or commission. Under this method the agent receives a validation credit for the annualized amount, regardless of premium frequency, but is debited with a portion of his annualized credit in the case of a…

1979 – FTC – Report – Life Insurance Cost Disclosure, Federal Trade Commission – 460p 1979 07 – FTC – Report – Life Insurance Cost Disclosure, Federal Trade Commission — [BonkNote] — [PDF-460p] (p17/26) – Tab1e 1-3 – Rate of Return Paid by Life Insurance Companies to Ordinary Policyholders in 1977 39

1973 0223 – GOV (Senate) – The Life Insurance Industry – Part 3 of 4 – Philip Hart (D-MI) 1973 / 1974 – GOV (Senate) – The Life Insurance Industry – Phillip Hart (D-MI) – 4 Parts — [BonkNote] 1973 0223 – GOV (Senate) – The Life Insurance Industry – Phillip Hart (D-MI) – Part 3…

Anti-MLM (Multi-Level Marketing) Always Marco Bruce Craig Wisconsin Department of Justice, Assistant Attorney General. mlmchange.org/bruce-craig/ Robert Fitzpatrick William W. Keep School of Business, The College of New Jersey, Ewing, New Jersey, USA 2013 – AP – Multilevel Marketing: A Historical Perspective, by William W. Keep – 3p Varieties, Alternatives, and Deviations in Marketing History Peter…

2022 0310 – FTC – Consultation – Deceptive or Unfair Earnings Claims – FTC-2022-0020 2022 0310 – FTC – Consultation – Deceptive or Unfair Earnings Claims – FTC-2022-0020 — [BonkNote] federalregister.gov – [link] regulations.gov/docket/FTC-2022-0020 – [link] Comments – 1.59k – [link] FFL – 2022.05.10 – Family First Life – FFL Earnings Claim Comment Letter (final with…

Pyramid Scheme MLM – Multi-Level Marketing 1999 0509 – 60 Minutes – IHI International Heritage – Stan VanEtten – “An organization like this one relies on constant, ever-growing premium volume, so it can cover and pay for the deficits,” said W. O. Myrick, a retired chief insurance examiner for Louisiana. If A.I.G.’s incoming premiums shrink,…