Law is different from state to state. In Florida you can share commissions with anyone who has an insurance license. Or if you charge a fee for insurance services (fee in lieu of commission), you can share the fee with another licensed person.
If the patent "agent" also happens to be an attorney he can. Only a licensed attorney can represent you at trial.
Yes, it should.
An Insurance Broker has a duty of care to the client to secure the best deal on the market by 'broking' the insurance requirement out to all insurance companies who will accept the risk. An Agent of an Insurance Company works only for the Insurance Company concerned and thus the client will get a quote from only the insurance company the Agent represents .
Yes, you must sign a power of attorney revocation form and make sure the client is notified of cancellation.
To make this clearer I called this agent stating I wanted to make a claim against his client. He is an independent agent, and sells insurance from many companies. He is giving me the run around. Is required to tell me the name of the company that insures his client?
A reliable auto insurance agent is one who takes into consideration the needs of their client. Also one who makes it a point to contact their client back in a timely manner when they are applying for insurance or trying to submit a claim.
Yes if they are a broker. You will always see a broker fee from your agent and they a fee from the insurance company
An analyst recieves compensation from his client, and the agent recieves compensation from the insurance company.
If a client gets declined by an insurance company, they can still apply with different companies that specialize in high risk life insurance. An experienced agent can help.
You should check with an Insurance Agent or an Attorney that does business in your area. The rules vary from state to state.
Power of Attorney paperwork usually specifies what they can make decisions on. Unless it states they do not have control over insurance policies, then they are able to change the beneficiaries and the percentage they would receive.
It depends on the document and the surrounding facts. In most cases no. But it can be foreseen where Court orders it, or the issue is a dispute regarding payment of the attorney and a contract authorizes the attorney to sign. The lawyer has a duty to act in the client's best interests. Generally if the client is saying don't sign something and the lawyer disagrees, the lawyer's duty is to persuade the client or, if necessary to avoid doing something else unethical or illegal, withdraw. Now, keep in mind that if a lawyer signs a document on a client's behalf without the clients actual consent, the other party to the agreement may be able to hold the client to it due to the apparent authority the attorney had. An attorney acts as an agent for his client, if he signs an agreement on your behalf, it may be enforceable against you if it appeared to the other side that he had authority to sign and that he/the client had the ability to fulfill the agreement.