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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.

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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.