Bank Insurance Agency Management
Community Banks and Insurance
Compliance and Risk Management
Wealth Management
Insurance Product Marketing

Wednesday, July 17, 2013

Producer Compensation: A Summary of the Recent BPP

By ABIA Outside Counsel Chrys Lemon and Adam Maarec, McIntyre & Lemon, PLLC

On Thursday, July 11, 2013, ABIA hosted a Best Practices Panel titled A Guide to Insurance Producer Compensation for Banks. ABIA’s outside counsel, Chrys D. Lemon and Adam D. Maarec of McIntyre & Lemon, PLLC, discussed:
1) compensation schemes for individual producers;
2) discounts on insurance products;
3) compensation disclosures; and
4) captive reinsurance arrangements as a form of compensation.

Follow the links to read the complete members-only summary of the Best Practices Panel and the associated PowerPoint presentation, along with answers to some of the questions posed by the membership.

If you are having trouble logging on or you are with a member that in not a bank, please contact us and we will email you a copy.

ABIA members may access a wealth of compliance information - including our flagship Compliance Handbook on our compliance page. If you need help logging on please contact us and we will be happy to assist you.