Ohio 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
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How to fill out Insurance Agents Stock Option Plan?

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FAQ

Matching coverage is a fairly low-price add-on to your home insurance that ensures that when you file a claim for your roof, siding or windows, the surrounding undamaged roof, siding or windows will, if needed, be replaced with materials that match.

The birthday rule says the main or primary coverage comes from the parent whose birthday comes earlier in the year. The other parent's plan provides secondary coverage. The year a parent was born is not taken into consideration.

Insurance Matching States Alaska. California. Connecticut. Florida. Iowa. Kentucky. Louisiana. Montana.

Rule 3901-1-54 sets forth uniform minimum standards for the investigation and disposition of property and casualty claims arising under insurance contracts or certificates issued to residents of Ohio by defining procedures and practices which constitute unfair claims practices.

Ohio's statute reads: When an interior or exterior loss requires the replacement of an item and the replaced item does not match the quality, color or size of the item suffering the loss, the insurer shall replace as much of the item as to result in a reasonably comparable appearance.

The group is composed of three affiliates: Ohio Mutual Insurance Company, United Ohio Insurance Company and Casco Indemnity Company. As a mutual insurance company, Ohio Mutual Insurance Group is not a stock company but one that is mutually owned by its policyholders.

They are not responsible to ensure the cabinets match the colors of the existing ones. If, for example, you have five kitchen cabinets out of which three are damaged, only those three will be repaired or replaced. The remaining two will be left as is.

In the State of Ohio, there are 5 steps to getting your insurance license. Complete a Prelicensing Course. The first step is to complete a prelicensing education course. ... Pass a Licensing Exam. ... Get Fingerprinted. ... Apply for License. ... Plan for Continuing Education.

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Ohio Insurance Agents Stock option plan