District of Columbia Exclusive Agreement Between Employer and Broker to Secure Group Insurance

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Multi-State
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US-01165BG
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Description

A broker is an agent who bargains and/or conducts negotiations for and on behalf of his or her principal as an intermediary between the principal and third persons in the acquisition of contractual rights. Such a broker normally receives a commission or brokerage fee for his or her services. While a broker's primary contractual duty is to procure prospects and negotiate with them on behalf of his or her principal, it is not uncommon for the broker to assume an advisory relationship to clients who are not knowledgeable in the types of contracts involved in the negotiations.

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FAQ

Expert-Verified Answer. The guidelines that the Health and Human Services has established as standards of conduct is to refrain from marketing or conduct that is misleading, coercive, or discriminates based on race, color, national origin,disability, age, sex, gender identity, or sexual orientation.

Consent documents must be appropriately secured and retained for 10 years.

Expert-Verified Answer. The guidelines that the Health and Human Services has established as standards of conduct is to refrain from marketing or conduct that is misleading, coercive, or discriminates based on race, color, national origin,disability, age, sex, gender identity, or sexual orientation.

The Marketplace does not set compensation levels or pay commissions to agents or brokers. Agents and brokers who participate in the Marketplace receive compensation directly from affiliated qualified health plan (QHP) issuers in ance with their agreements with those issuers and any applicable state requirements.

Minimum Information: The documentation should include the following details: Description: A clear explanation of the scope, purpose, and duration of the given consent. Date of Consent: The specific date when the consent was given. Consumer Information: The name of the consumer or their authorized representative.

You should advise the consumer to wait, as the Marketplace will continue to establish eligibility for the current plan year based on his or her attestation. B. You should advise the consumer to submit the information requested as soon as possible and before the 90-day/95-day deadline expires.

A type of injury that would NOT be covered under a health insurance policy is generally a work-related injury. Work-related injuries are typically covered by workers' compensation insurance, which is a separate policy provided by employers.

Consent Documentation Requirements? The date the consent was given;? ? The name of the consumer or their authorized representative;? ? The name of the agent, broker, web-broker, or agency being granted consent;? ? A process through which the consumer or their authorized representative may rescind the consent.

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District of Columbia Exclusive Agreement Between Employer and Broker to Secure Group Insurance