The Agents Council for Technology (ACT), which is affiliated with Alexandria, Va.-based Independent Agents & Brokers of America, has published Guidelines for Effective Agent-Carrier Technology Agreements, a report that can help independent agents and brokers as well as carriers identify issues to address in technology agreements.These agency-carrier technology agreements supplement agency agreements by detailing electronic interaction expectations between agents and their insurance company partners.
In its analysis, ACT concludes that technology agreementswhere they existhave not kept up with the new electronic relationships that are being forged today between agencies and carriers.
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