Mississippi 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
  • Preview Insurance Agents Stock option plan
  • Preview Insurance Agents Stock option plan
  • Preview Insurance Agents Stock option plan
  • Preview Insurance Agents Stock option plan

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FAQ

There is no longer a federal penalty for not having health coverage. But if you don't buy your coverage through the exchange, you cannot obtain a premium tax credit or cost- sharing reduction, even if you'd otherwise be eligible for them (and most people are eligible for subsidies).

Mississippi requires all employers with at least five employees to purchase workers' compensation insurance. Workers comp insurance covers employment-related injuries and illnesses regardless of fault, but can also prohibit you from filing a lawsuit against your employer for additional damages.

MS residents who seek a license as an Insurance Producer, an Independent Adjuster, Public Adjuster, or to become a Bail Agent must pass a state licensing exam. To prepare for a licensing exam, candidates must take a state approved pre-licensing course. Pre-licensing courses require a final course exam.

§ 3-4.01. Pursuant to such authority, every insurance company, either foreign or domestic, authorized to transact accident and sickness business in the State of Mississippi shall, before any policy is issued, file a copy of such policy, accompanied by a rate filing applicable to such policy.

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Mississippi Insurance Agents Stock option plan