Welcome to Agency Standards

The electronic flow of commercial data was a direct consequence of the computerization of businesses as a way to increase operational efficiencies through automation. More recently, the adoption of the Internet in commercial applications has generated new types of exchanges, especially in the fragmented insurance industry.

Agency Standards helps insurance agencies of all type; Captive or Independent to manage their businesses more effectively.  Insurance agencies problems must be recognized and solved by all members of the agency in order to operate more successfully.  Todays agency has far broader responsibility because they are their own boss and not subject to supervision by someone else in the companies they represent. 

As an independent business person they are free to profit from their own initiative and efforts but also are also solely responsible for their mistakes. In a business as competitive as that of selling general insurance, it is imperative for the alert agent to be familiar with the problems, practices, and methods of all distribution channels, regardless of which type of agency system they serve.  It is important to know all of the tools that are available to you.

Acceleration Clause - The part of a contract that says when a loan may be declared due and payable.

Accidental Death Benefit - In a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident. There can be certain exclusions as well as time and age limits.

Acknowledgment: the act of going before a qualified officer (e.g., Clerk) and declaring the validity of the document. The officer certifies same, whose certification is known as the acknowledgment

Acquit: the act of freeing a person from the charge of an offense by means of a decision, verdict or other legal process; to discharge