Louisiana Insurance Agents Stock option plan

State:
Multi-State
Control #:
US-CC-18-181A
Format:
Word; 
Rich Text
Instant download

Description

18-181A 18-181A . . . Insurance Agents Stock Option Plan under which Compensation Committee may grant Non-qualified Stock Options to any insurance agent who signs agreement which commits agent to produce at least $300,000 of premiums during specific three-year period ("Qualification Period"). Number of shares covered by option is equal to agent's premium commitment divided by $100, and options become exercisable only to extent agent satisfies his or her minimum commitment for premiums during Qualification Period, and only to extent loss ratios for insurance business written meet or exceed certain performance criteria
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FAQ

The Insure Louisiana Incentive Program (?Incentive Program?) was enacted through the passage of Act 754 of the 2022 Regular Session of the Louisiana Legislature for the purpose of cooperative economic development and stability in Louisiana by encouraging additional property insurers to participate in the voluntary ...

Nonpartisan primary for Louisiana Commissioner of Insurance Candidate%VotesJames Donelon (R)53.5631,728Tim Temple (R)46.5549,132

The current Insurance Commissioner is Jim Donelon.

The Louisiana Department of Insurance's rate, rule and form filing requirements are set forth in the LDI's online Product Filing Matrix. Most rates, rules and forms are submitted to the LDI by way of the System for Electronic Rate and Form Filing (SERFF). LDI also accepts paper filings.

The easiest way to file a complaint is online at .ldi.la.gov. You can also print out a paper complaint form from the website or obtain a copy by calling 1-800- 259-5300.

Louisiana Commissioner of InsuranceOffice Type:PartisanOffice website:Official LinkCompensation:$115,0002022 FY Budget:$33,824,04714 more rows

Securities brokers, also often called broker-dealers, are the people responsible for selling securities products to clients. Whereas, in insurance sales, an ?insurance agent? is the most common way to refer to the customer-facing sales role, the world of securities uses the word broker.

Worsening the Louisiana insurance crisis, the tally of insurance providers that have declared insolvency since 2020 includes Access Home Insurance, Americas Insurance, FedNat Insurance, Gulfstream Property and Casualty, Lighthouse Excalibur, Southern Fidelity, State National Fire Insurance and Weston Property & ...

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Louisiana Insurance Agents Stock option plan