The Florida Association of Insurance Agents has four key goals to accomplish in 2006 according to Jeff Grady, FAIA president: first, to pass its property insurance market proposal; second, to pass FAIA’s proposal to reform certificates of insurance abuses; third, to make it easier for independent agents to find qualified personnel; and fourth, to promote FAIA’s newly formed Young Agents Council.
Grady said FAIA’s property insurance proposal “would equate to agents having a much lesser reliance on Citizens Property Insurance Corp. and a more equitable residual market assessment mechanism.
“If FAIA’s proposal to reform certificates of insurance abuses is passed, it would include prohibiting the practice of some general contractors that initially accept a subcontractor’s certificate,” Grady explained. “Subsequently, payment for work already completed would be withheld until impractical changes are made to the subcontractor’s policy and evidence of insurance.”
Grady said that in 2006 FAIA will meaningfully address the number one problem threatening independent agencies, finding qualified agency personnel.
FAIA formed a task force in the fall under the banner of Agency Development Services. The task force has laid out its mission: To create a new organization that will specialize in the recruitment, training and placement of agency personnel.
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