FAIA Member Services (FMS) adds intrinsic value to FAIA
membership by offering high-quality, cost-effective products and services, and
access to markets. A subsidiary corporation of FAIA, FMS is managed by Dave Burt and governed by an 11-member agent-led board of directors that monitors existing programs and seeks out companies willing to provide the FAIA members high-quality, cost-effective products and services, as well as access to markets.
The decision to offer a product to agents is based on many
factors. For example, a partnership with FAIA may simply add value in the form of
improving the product to the public, thus making independent agents more
competitive with direct writers or agency carriers that market directly. It can
come in the form of improved compensation or more widespread availability of
insurance products for agents. FAIA’s ability to aggregate can result in
greater long-term stability, higher commissions, or better contracts on what
are otherwise widely available products.
FMS rewards agents for participation in its programs through
commission and potential extra income generated through its Utilization BonusProgram.
The board consists of a chairman, a past chairman, the FMS Managing Director, the FAIA President & CEO, the current FAIA Chairman of the board, five at-large positions, and the current Finance Chairman. Like the FAIA board, FMS board members demonstrate their commitment to observing and promoting the highest ethical conduct in the performance of their duties by signing the Volunteer Governance Code of Ethics. Interested in serving? Contact Dave Burt for more information.
The business of this corporation shall be managed and its corporate powers exercised by the Board of Directors. The Board shall consist of seven persons including the President of FAIA. The current Chairman of the FAIA Finance Committee is an ex officio member of this Board. The Board will oversee the for-profit operations of the association.