The advantages of a life expectancy using life insurance underwriting and life settlement methods include:
I recently got a phone call from one of the chief legal counsels at the Internal Revenue Service, who wanted to better understand a corporation's ownership of a particular captive insurance company - or an entity created to insure its parent corporation - domiciled in Vermont.
There are three keys to help you reduce E&O exposures: Education, Consistent Procedures, Documentation
Insurance disputes among Insureds, Agents and Broker, Insurance Carriers, MGAs, and Wholesalers continues to increase. The following is just a sample of insurance litigation cases:
The versatile Insurance Industry Expert is being selected by insurance industry litigation law firms throughout the country. Since many cases involve millions of dollars of litigation exposure, it is important to have an experienced insurance industry expert who brings the element of persuasion and accuracy into the mix.
The current captive insurance company climate is gravitating toward pushing captives—including single-parent captives, association captives, and agent-owned captives to appointing experienced, independent directors to their boards.
Over the years the life insurance industry has been slow to develop new and consumer driven product. Instead carriers chose to offer their own version of a product all other carriers offered and simply compete at price or benefit with competitors.
Insurance attorneys are busy people! No two cases are the same! Attorneys face weekly court filings, deposition schedules, and courthouse deadlines. Not to mention phone calls and counseling clients on a daily basis.
ERISA has many very specific requirements as it relates to product and producer relationships. If a case involves an ERISA plan, duties of the producer and the carrier can be elevated simply because it is covered under ERISA.
Every carrier has some system of product distribution. Some have employees; others have career agents who are technically not employees, while still others use a system of independent brokers.