How do I become a insurance underwriter in India?
Most insurance Co’s appoint underwritters from among there employee cadre. Each insurance Co has its own set of rules besides the ones framed by the regulator.To qualify or merit appointment as underwriter, one should have passed the exam conducted by the Insurance Institute of India. It called the Licentiate exam.Here I have to mention, that at lower levels, no qualification is prescribed. But as you move up the hierarchy you will need to be a licentiate. Further as you go along , it's advisable to become an Actuary.
Can a company issue shares without underwriters?
Under the current SEBI rules appointment of underwriters is optional but maximum number of companies going for public offer utilise the services of underwriters since underwriters more or less protect the issue from devolving.Recently a view is prevailing in SEBI that underwriters need to be appointed for all I P Os (Initial public offers) and should be made compulsory in order to create confidence in subscribing public. To wards this direction , SEBI recently appointed a Committee to go into the matter and submit their recommendations.I hope, the committee would report in favour of making underwriters appointment compulsory for I P Os.
How many insurance companies is the average agent appointed with?
I sell only life insurance and am appointed to over 30 companies. The 80/20 rule pretty much applies to my production in that 20% of those companies probably get 80% of my business. Give or take a little.I need to have a wide range of companies from which to choose because I know that one, two, or even five companies will not be competitive for most people. Every carrier has its preference for certain types of risk. If you really want to match your client with the carrier who will give him or her the best underwriting, you have to have relationships with many carriers.
Boxers NOT accepted by alot of home insurance companies, WHY?
Actually to Dani B. When we were shopping for Ins several companies said NO to Dobermans, Pitts> Rotts and German shepards. So we knew this from actaully shopping around that is why we got a BOXER because we figure it wasnt on the list because we had originally wanted a DOBERMAN. After having a Boxer for awhile we were trying to get insurance with a different company because ours questioned us having a BOXER and didnt allow it. We then came to find that ALOT of companies are NOT allowing BOXERS as well as the other breeds I mentioned, so NO it wasnt one of those cant believe everything ya hear situatons....we heard it DIRECTLY from teh ins companies and they couldnt even give a straight explanation WHY
Who pays the salaries of the voting members of the Federal Reserve and how much do they make?
The Board of Governors are all appointed by the President and approved by the Senate. Currently, there are only five members of the Board of Governors with two empty seats waiting for appointments/approvals. When you talk about the 'voting' members of the Federal Reserve, you should be referencing the Federal Open Market Committee. Normally, the committee consists of the Board of Governors, the President of the Federal Reserve District Bank of New York, and four other presidents of district banks on a rotating basis. A little more about the FOMC can be found at http://www.federalreserve.gov/monetarypo... Salaries for these individuals are paid from the revenues of the Federal Reserve System. The Federal Reserve System is designed to be independent from political meddling to some extent. Part of that design means that it does not receive any funding as an appropriate from Congress. This unlike other government agencies which receive most, if not all, of their funding from Congress. The Federal Reserve System earns money from the U.S. Government debt that it holds as part of its monetary policy operations and services provided to member banks and the rest of the financial market. It is out of that amount that all employees and directors of the Federal Reserve are paid. The salaries of the Board of Governors are controlled by Congress and set in law. While I do not have current figures, regular members of the Board of Governors are paid approximately $179,000 per year and the Chairman of the Board of Governors earns approximately $200,000 per year. The pay for the presidents of the Federal Reserve district banks are set by each bank's board of directors. The highest paid is the President of the Federal Reserve District Bank of New York at approximately $400,000. BTW, after the Federal Reserve pays the salaries and other expenses, all remaining profit is paid to the U.S. Treasury.
What happens when newly listed shares are undersubscribed?
The underwriter (normally the appointed investment bank) will bear the unsold newly issued shares.Underwriting agreement is where the appointed investment bank will buy the company’s new shares for an agreed price, and resell the shares to the public at a markup, bearing all of the expenses associated with the sale. The company gets the guaranteed funds even if all shares are not fully sold by the bank. Thus, the investment bank takes a significant risk in a company's commitment. That is why selecting the right offering price is very important in an underwriting.
How to cash insurance check written out to me and an auto shop?
Heres the step by step process: 1. call up the body shop 2. make appointment to have them repair your car 3. authorize them to order parts 4. bring car to them on the appointed date 5. give them car and keys to car 6. shop calls and says repairs to car are complete 7. take check to body shop 8. endorse check 9. give check to shop 10. shop gives you keys to your repaired car and you go home. If a body shop is on the check - that usually means the car is financed. The insurance company has to protect the finance companies interest in the vehicle. That means - they either list the body shop or the finance company on the check. ** Edit - if you don't want that shop to do the repairs. Decide what shop you want to do the repairs. Call your insurance company. Tell them you need this check canceled and re-issued to you and the body shop of your choice. You can have any shop you want do the repairs. The insurance company can put the shop of your choice on the check. Just need to let them know who that is so they can cancel and re-issue the check.