This post is part of a series sponsored by IAT Insurance Group.

Disclaimer:

This article should not be used as legal advice. All parties should consult legal counsel of their choice and seek expert advice on legal and compliance issues.

The July 2017 decision in United States ex rel. Scollick v. Narula^[1] (Scollick), determined that sureties and surety agents could be held liable under the False Claims Act (FCA) for bonding a fraudulent set aside contractor. The complaint alleged that a larger contractor set up a sham company, supposedly owned and operated by a service-disabled veteran, but actually controlled by the larger contractor to illegally bid on service-disabled veteran-owned small business (SDVOSB) contracts from the federal government. Although the 2017 Scollick opinion was decided at the pleading stage and therefore did not find any party liable, it was the first decision to hold that a surety could face

This post is part of a series sponsored by AgentSync.

Appointments, terminations, license verification – the duties of compliance never end, and insurance carriers making a sincere effort to keep up can be quickly overwhelmed.

The AgentSync Insurance Carrier’s Guide to Compliance Pitfalls and Protips brings the producer lifecycle management duties to your fingertips. Line by line, the guide walks through each duty of producer compliance from a carrier’s perspective, pointing to diligence duties and potential state variations, as well as possible sources of efficiency, tips for ease of doing business, and resources to learn more about each duty.

Complete with a checklist of duties and a self-assessment quiz, carrier compliance teams can look to tighten their protocol against a best-practice standard with the Insurance Carrier’s Guide to Compliance Pitfalls and Protips.

Download the Insurance Carrier’s Guide to Compliance Pitfalls and Protips.

What carriers looking to expand should know

Often,