Managing agencies requires an understanding of key laws and regulations governing business operations and the industry as a whole. Find DAIAB resources and official documents by subject. - Agency Termination - Contract law, consumer rights as well as state laws govern how an agency/company relationship should end. Do you know your rights?
- Background Checks - Why agencies should conduct background checks on their employees and how to begin this process in your agency.
- Business Entities - How to properly license your agency with the Insurance Department and Department of State.
- Credit Scoring - Information on the impact that the use of credit scoring can have in your agency operations.
- Do Not Call / Do Not Fax / Do Not E-mail (CAN-SPAM) - Here you will find information on how to comply with Federal marketing and telemarketing requirements that affect business relationships with your clients and prospects.
- Fees - Producers may charge a fee as well as pay referral fees in certain situations. Both are explained in further detail here.
| - Insurance Producer - It is important to identify the roles of an insurance producer. Here you will find information on the role of "agent" and "broker" as defined by law as well as who does not need to be licensed.
- Non-resident Licensing Exemption - Do you have a non-resident license because of a P&C commercial risk with a satellite exposure in another state? Check to see if the non-resident license is needed.
- Policy Non-Renewal / Cancellation - What carriers can and cannot do with regard to cancellations and non-renewals for commercial lines, personal automobile and homeowners' policies.
- Privacy - Producers are required to develop a privacy notice and a written information security program. Do you have both?
- Record Retention - Information and guidelines on how long agencies should maintain paper and/or electronic files.
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Can't find what you are looking for? Contact the DAIAB Member Service Center at 800-998-9644, option #0, or e-mail at iab@iabgroup.com.
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