Workers Comp I Personal Lines (Auto) I Personal Lines (Homeowners) I Commercial Lines (Auto) I Agency Operations
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WORKERS COMPENSATION:
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Q: How many employees can I have before WC is required?
A: See "WHO COUNTS AND WHEN IT'S REQUIRED," www.faia.com (Education Library)
Q: Who is considered an Independent Contractor or an Employee?
A: See "CONTRACTOR/SUBCONTRACTOR ISSUE," www.faia.com (Education Library)
Q: Where can I find construction classification codes?
A: See "CONSTRUCTION CLASSIFICATION CODES," www.faia.com (Education Library)
Q: Is there a limitation for companies charging for audits?
A: See WC POLICY - AUDITS, the insurer can go back up to 3 years.
Q: When does a minimum earned premium actually apply?
A: They apply from the effective date of the policy.
Q: Can Florida contractors working in other states ask for that state's rates?
A: No, not if hired in Florida See FS 440.99(d)
Q: Is it legal for an insurance carrier to charge a "late fee" on late premiums?
A: Yes, FS 627.162. The installment is considered late if it is 5 or more days past due.
Q: What is the definition for "Hours Worked?"
A: See the definition of remuneration found in the NCCI Basic Manual, Rule V.
Q: What is the fee for filing exemption?
A: $50 Agents Education Bulletin 21-July 31, 1998
Q: When do exemption forms have to be renewed?
A: Every 2 years -- Agents Education Bulletin 21-July 31, 1998
Q: Where can I find BCM Forms, rules and procedures?
A: www.faia.com (Education page)
Q: Can you define basic WC terms for me?
A: See Online Sunshine -
www.state.leg.fl.us.com, WC Law 440.02 - Definitions
Q: Where can I get a copy of the WC Rates?
A: www.faia.com (Education page)
Q: Does an employer have to post written notice if he does not carry WC?
A: Yes F.S.440.055 - Notice requirements
Q: Can a non-resident agent solicit WC by mail in Florida?
A: Yes F.S.626.741
Q:What are the monopolistic States?
A: North Dakota, Ohio, Washington, West Virginia, Wyoming
Q: What is the statutory definition of "Construction Industry?"
A: See Florida Underwriting Guide VOL., 2 - A con-1
Q: Where can I find a WC company?
A: Check
www.insure.com, Insurance Company Guide, enter type of risk or check
www.roughnotes.com, Insurance Market place, enter query.
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PERSONAL LINES (AUTO)
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Q: Do you have examples of who, what and when there is
coverage under the PAP?
A: Research Library, Personal Auto Insurance Manual, Table 4-1.
Q: Where can I find the statutory requirement for PIP?
A: See - Research Library, Florida No-Fault UM Manual, FS 627.730-627.7405.
Q: Should I buy that rental car insurance coverage?
A: See - www.faia.com (Education Library) "Rental Car Coverage Under the PAP."
Q: I only have one vehicle, why should I carry stacked UM?
A: See - www.faia.com (Education Library) "UM Coverage on Single Car Risks."
Q: Please advise on proper coverage for my teenage driver.
A: See - www.faia.com (Education Library) "Kids, Cars, and Insurance."
Q: What is the best way to cover my child that is going off to
school?
A: See - www.faia.com (Education Library) "Kids Away at School."
Q: What are the requirements for registering a vehicle in Florida?
A: See - FS 320.02 - Registration required
Q: What counties require vehicle inspections?
A: See - Research Library - Personal Auto Insurance Manual, 13.08
Q: Is there a deductible for windshield breakage in Florida?
A: No, FS 627.7288
Q: Was there a change in the law relating to the number of days to
report a newly acquired vehicle?
A: See - PP00 01 06 98 (Personal Auto Policy-K, Newly acquired auto) Companies use different forms, always check with your carrier.
Q: It's vacation time in the Bahamas! How will my insurance respond to rented water toys?
A: See - www.faia.com (Education Library) "Rented Jet Ski Liability."
Q: If a potential client pays the down-payment with a check and it
bounces what recourse do we have?
A: The policy can be voided "ab initio," see FAIA 1996 Legislation Summary "Bad Check Law."
Q: My client is living with the woman of his dreams and her
17-year-old daughter. What would be the best way to insure the autos in
this household?
A: See - www.faia.com (Education Library) "Live-In situations and The PAP."
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PERSONAL LINES (HOMEOWNERS)
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Q: Since the insurance policy does not cover the land, how
do we satisfy the mortgage lender when they want an insurance policy
reflecting equal amounts to the Mortgage amount?
A: See
www.faia.com (Education Library) "Insuring for the Mortgage Amount."
Q: Where can I find a comparison chart of the "All Risk" form verses the "Named Peril" Form?
A: See- www.faia.com (Education Library) "All Risk Coverage Advantage."
Q: My client owns a home on the lake. He was deeded a boat
dock which is across the lake. Would his HO policy cover the dock?
A: Not if the HO policy is unendorsed. See- www.faia.com (Education Library) "Boat Docks and The Homeowners Policy."
Q: My client is the "man with the plan". He has several domestic servants such as: Mary the maid, Louie the lawnmower man and sometimes Ralph the roofer shows up. How does the HO policy respond to these exposures?
A: See
www.faia.com (Education Library) "Domestics, Contractors and the HO Policy."
Q: What is the Florida Statute that prevents an insurer from
writing a residential property policy without providing Windstorm coverage?
A: 627.0629, see also
www.faia.com (Education Library) "Excluding Windstorm Coverage."
Q: Isn't Sinkhole coverage mandatory in the state of Florida?
A: Yes, see FS 627.706
Q: Do you have a list of endorsements to use with HO forms?
A: Yes, see Research Library, HO Manual - Unit 11(11.09)
Q: Is it true that only 10% of Coverage C of the HO policy applies
to personal property being stored in a Mini-Warehouse?
A: No, see
www.faia.com (Education Library) "Mini-Warehouses and the HO Policy."
Q: Where can I find information dealing with other structures,
attached structures, and structures separated from the dwelling?
A: See Research Library, HO Manual - Unit 4, Section 1 - Property Covered.
Q: Where can I find the Valued policy law?
A: See Research Library, HO Manual - Unit 7 (7.001) FS 627.702.
Q: Do you have information regarding ACV and Replacement Cost?
A: Yes, See Research Library, HO Manual - Unit 7.
Q: Where can we find companies writing Homeowners Insurance?
A: Check
www.insure.com, Insurance Company Guide, enter type of risk. Or check www.r oughnotes.com, Insurance Marketplace, enter query.
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COMMERCIAL LINES (AUTO)
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Q: What are the Statute of Limitations in regards to Business Auto?
A: See Research Library, Business Auto Manual Unit 2 (2.067).
Q: Can you tell me where I can find a summary of what are
considered "autos" and what are considered "mobile equipment?"
A: Yes, See Research Library, Business Auto Manual - Unit 3 (Table 3-1).
Q: There are 9 covered auto symbols. Where can I find a brief
description of them?
A: See Research Library, Business Auto Manual - Unit 3 (3.030).
Q: My client supplies an auto to one of his employee-s. The employee does not own his own personal auto. What gaps in coverage are we facing here?
A: See
www.faia.com, (Education Library), "Drive Other Car Coverage."
Q: In the past we have found that BAC will sometimes
coordinate with CGL Insurance, specifically covering what is excluded from the
BAC. Where can I find info on this?
A: See Research Library, Business Auto Manual - Unit 5 (5.10)(Table 5-1).
Q: Can UM be stacked on a Commercial Auto?
A: See Research Library, Florida No-Fault Manual (Part 2 - UM).
Q: What is the applicability of PIP and Medical Payments under the BAP?
A: See Research library, Business Auto Manual - Unit 7 (Table 7-1)
Q: As an agent I'm finding more and more people are starting to "truck" it across AmericA: Can you show me where I can find a comparison of Business Auto Coverage and the Truckers Coverage Form?
A: See Research Library, Florida Underwriting Guide - VOL., 2 (Comm Auto -TOC).
Q: We have a client that owns a business and wants to be able to
rent or lease vehicles to employees. What types of issues need to be
considered before doing this?
A: See Research Library, Business Auto Manual - Unit 11.
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AGENCY OPERATIONS
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Q: How long should you keep agency records?
A: See Research Library, Customer Rep Resource Manual - (Filing System - A Suggested Record retention Schedule).
Q: Do you have a survey that our CSR's can follow when they quote for a potential new client?
A: Yes, see Research Library, Customer Rep Resource Manual - (Errors and Omissions For CSR's - Personal and Commercial Account Summary Data Sheet).
Q: Where can I find the statute for cancellation, non-renewal, or
renewal notices?
A: See Research Library, Florida Underwriting Guide, VOL., 3 - Interline section. Florida Statute number 627.4133.
Q: We are continually being asked about countersigning policies,
rebating, sharing commissions, and service fees. Where can we find the
statutory requirements for these?
A: See Research Library, Agency Legal Guide for full information - Chapter III - Commissions:
1) Policy Counter Signature - FS 624.425
2) Rebating - FS 626.572
3) Sharing Commissions - FS 626.753
4) Consulting and Service Fees - FS 627.403, 626.9541, 627.7295
Q: Our agency is just getting off the ground and we want to start
out on the right foot. We plan on starting by hiring a top producer. Do you
have any sample producer contracts and non-compete agreements?
A: Yes, see Research Library, Producer Development Manual - Contract Section.
Q: As an agent I like to stay on top of this ever-changing
technical insurance industry. I would also like to obtain a designation. Do
you have any suggestions?
A: Yes, see Research Library - Customer Rep Resource Manual - Designations.
Q: We have a couple of the most professional CSRs in our
agency and were wondering if we could reward them in some way.
A: See Research Library, Agency Legal Guide - Section C - Sharing Commissions
Q: As an agent what is our responsibility when it comes to
disclosure of policy information to a claimant or claimant's attorney?
A: See Research Library, Agency Legal Guide - E &; O, Section B FS 627.7264.
Q: Our agency is looking to jump on the bandwagon with all these
Mergers and Acquisitions. Does FAIA have any recommendations about potential
E&;O problems?
A: See Research Library, Agency legal Guide - E &; O, Section C.
Q: Where can I find ACORD forms?
A: Call ACORD advantage supporter - (800) 444-3341 ext. 506.
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| Workers Comp I Personal Lines (Auto) I Personal Lines (Homeowners) I Commercial Lines (Auto) I Agency Operations |
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