• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Spot On Insurance

Spot On Insurance

  • Home
  • About
  • Learn
    • Agency Management
    • Cybersecurity
    • Diversity & Inclusion
    • Insurance Careers
    • Professional Development
    • Regulatory Compliance
    • Sales & Marketing
    • Surplus Lines
    • Tech & Insurtech
  • Listen
    • Spot On Insurance | Podcast Series
    • Conversations in Black & White | Podcast Series
    • Compliance DOs and DONT’s Series
    • The COVID-19 Specials | Podcast Series
  • Webinars
Previous Episode
Next Episode
Subscribe Now
  • Share on Twitter
  • Share on Facebook
  • Share on LinkedIn
  • Share via Email

Ep. 08: Compliance in the Age of the Internet

Spot On Insurance
Regulatory Compliance
Paul Buse

Shownotes

Paul Buse is the President of Big “I” Advantage, the holding company for the for-profit operations of the Independent Insurance Agents & Brokers of America (IIABA), the largest insurance agent trade association in the United States. Paul is an insurance professional with experience in the alternative distribution of insurance risk financing approaches and program business. He specializes in insurance liability, property and casualty, distribution, and product design among other functions.

This episode brought to you by:


Insurance Licensing Services of America Logo

Insurance Licensing Services of America (ILSA), America’s premier regulatory compliance experts. To learn more visit ILSAinc.com.

Paul joins me today to share his knowledge on what it means to be a licensed agent, the effects of technology on licensing laws, and why it’s important to know the difference between admitted and non-admitted businesses. He also covers topics on different state laws on licensing fees and taxes, as well as the problems encountered by producers when doing business in different states.

“As soon as you put something on the internet, someone from anywhere could come across that and then ask you to place coverage for them.”

Paul Buse

What you’ll learn:

  • Serving across state lines once you start conducting business online.
  • Issues producers face when they cross state lines to do business.
  • Ways states collect licensing fees and taxes.
  • Has technology changed the way fees and taxes are enforced?
  • The negative effect of the internet on licensing laws, regulations, and statutes.
  • How careful you should be when it comes to licensing and commissions.
  • Difference between admitted business and non-admitted business.
  • How do you find out if a business is admitted or non-admitted?

Key Takeaways:

  • Insurance is regulated on a state by state basis.
  • Know what you’re selling and know the intermediate you’re dealing with.

Connect with Paul

  • IndependentAgent.com

Courses

Ready to Get Hands-On? It’s great to read about or listen to people explain what you need to do to work as an insurance professional or run an agency …

Read More

Showcase Courses Here?

Another chance to make the most most of cross advertising.

Something Now
Previous Post: « Ep. 07: Legal Implications of the “Gig Economy”
Next Post: Ep. 09: Creating a Culture of Creativity »

What do you want to learn today?

Get Spot On Insurance on your favorite podcast platform

Subscribe Now

Spot On Insurance

We help leaders in insurance navigate the complexities of our evolving industry.

Learn

  • Agency Management
  • Cybersecurity
  • Diversity & Inclusion
  • Insurance Careers
  • Professional Development
  • Regulatory Compliance
  • Sales Marketing
  • Surplus Lines
  • Tech & Insurtech

Listen

  • Spot On Insurance Podcast
  • Conversations in Black & White
  • Compliance DOs and DONTs
  • The Covid-19 Specials

Copyright © 2021 · Spot On Insurance · All Rights Reserved

Subscribe | SOI Podcast

Select your favorite podcast platform

Subscribe
Subscribe
Subscribe
Subscribe
Subscribe

Reasons to Subscribe to the SOI Email List:

Content Tailored to You Over time, I’ll get to learn more about you and deliver content that actually matters.