Report: Agents Can Be Liable For Carrier Failures
NU Online News Service, Oct. 7, 10:19 a.m. EDT?Despite court decisions that offer agents and brokers some protection from liability in the case of insurer insolvency, there are monitoring tools they should use to check the financial health of the carriers they do business with.
That is the gist of a recent report issued by the Independent Insurance Agents & Brokers of America's Virtual University (VU) that offers ways for agents and brokers to check carriers for financial distress on an ongoing basis. The VU is an online educational and information resource center offered by the "Big I."
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