Massachusetts 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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  • Preview Insurance Agents Stock option plan
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FAQ

The primary mission of the Division of Insurance (DOI) is to monitor the solvency of its licensees in order to promote a healthy, responsive and willing marketplace for consumers who purchase insurance products.

The NAIC sets standards and establishes best practices for the U.S. insurance industry and provides support to insurance regulators. It also provides information and resources to consumers. 1 Insurance products sold in the U.S. are largely regulated by the states, rather than the federal government.

The Federal Insurance Office (FIO) was established by Title V of the federal Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank). The FIO is housed within the U.S. Department of the Treasury and is headed by a director who is appointed by the secretary of the Treasury.

Ricardo Lara is California's 8th Insurance Commissioner since voters created the elected position in 1988.

The National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers.

Gary Anderson - Commissioner - Massachusetts Division of Insurance | LinkedIn.

You Can Help Others. A good insurance professional has the potential to help those in need, such as victims of natural disasters and people enduring a health crisis. Insurance professionals also help make it possible for an individual to buy a home or start a business. Wherever there is value, you can help protect it.

California Department of Insurance (CDI)

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Massachusetts Insurance Agents Stock option plan