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THIS ISSUE
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If you register for the insurEXPO17 by April 7, 2017, you will be entered to win a FREE TWO-NIGHT STAY in a Superior Ocean View Room with a Breakfast Buffet for two in Catch31 each morning at the Hilton Virginia Beach Oceanfront — the location of the 2018 IIAV Convention.
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Becoming a vendor or exhibitor at this premier expo allows you to cultivate new or existing relationships with a wide range of clients in the insurance industry.
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AGENCIES:
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| Hoyt Insurance LLC |
District 2 |
| Lee Insurance Center Inc. |
District 3 |
| VA Barristers Alliance Insurance Agency |
District 3 |
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| ASSOCIATES: |
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 Well now’s your chance to register and perhaps even win two nights stay at the Virginia Beach Hilton – where we will be holding the 2018 IIAV Convention. But there’s a better reason – even beyond CE – to attend the Expo. Again, some of the industry’s best speakers/leaders/influencers will be at the Expo and this is your opportunity and that of everyone in your agency to meet some of these people and really find out where this industry and profession is going
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By David Thompson Q. "I have been in a long email discussion with a lender involving a private flood policy that we supplied them (it's the RCBAP). The lender sent me their form to sign, a "Certification of Adequacy of Private Flood Insurance by Agent." It lists six criteria the lender says must exist in the private policy, and there is a spot for the agent to sign — certifying this policy meets the requirements. The lender called me and I told them I would not sign the form. We sent them the entire policy for review, and now they are emailing me telling me that if I do not sign the form, the loan will not close. Have you run across this before? To View the Answer, Click Learn More...
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Tax Exempt Government Entities
(March 28, 2017) – A dangerous email scam
currently is circulating nationwide and targeting employers, including tax
exempt entities, universities and schools, government and private-sector
businesses. The scammer poses as an internal executive requesting employee
Forms W-2 and Social Security Number information from company payroll or human
resources departments. They may even send an initial "Hi, are you in today"
message before the request.
The IRS has established a
process that will allow employers and payroll service providers to quickly
report any data losses related to the W-2 scam. See details at Form
W-2/SSN Data Theft: Information for
Businesses and Payroll Service Providers. If notified in time, the IRS can
take steps to prevent employees from being victimized by identity thieves
filing fraudulent returns in their names. There also is information about how
to report receiving the scam email even if you did not fall victim.
As
a reminder, tax professionals who experience a data breach also should quickly
report the incident to the IRS. Tax professionals may contact their local
stakeholder liaison. See details at Data
Theft Information for Tax Professionals.
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Everyone wants success. Many may view success as being the biggest while others may view it as being the best. Both, of course, would be optimal. However, when it comes to growing your insurance agency, one is the route to the other according to Robert Pettinicchi, executive vice president and chief lending officer of Insurbanc.
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If you're financially unable to pay your tax debt immediately, you can make monthly payments through an installment agreement. As long as you pay your tax debt in full, you can reduce or eliminate your payment of penalties or interest, and avoid the fee associated with setting up the agreement. Before applying for any payment agreement, you must file all required tax returns.
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President Club: Progressive Independent Club: Alfa Alliance Insurance Corporation, Amerisafe, Central Insurance Companies, Grange Insurance, Jackson Sumner & Associates, Keystone Insurance Group, Loudoun Mutual Insurance Company, State Auto Insurance Companies, The Main Street America Group
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Thanks to a partnership between IIAV and Insurance Journal’s Academy of Insurance, all 200-plus On Demand and Upcoming Live Academy of Insurance webinars are available to you at 25% off. Use discount code IIAV at checkout.
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IIAV was the C.E. sponsor again this year for the Virginia Commonwealth University School of Business RISC Trends Conference. The conference took place on March 7 at Snead Hall, the VCU School of Business building. The overall theme of the conference was "Navigating Risks and Challenges of a Changing Workforce."
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The Legislative Conference is a great and memorable experience for first timers, young agents and agent veterans. It reinforces membership value and the importance of top level advocacy for the IA system. If you have any hotel, registration, or logistical questions on the Legislative Conference, please contact Janis Mann at Janis.mann@iiaba.net
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Walk For Wishes celebrates the many wishes that have already been granted, while raising funds for future wishes. It is a family-friendly event powered by wish families, volunteers, donors, and friends. Funds raised from this event will help grant wishes for local children who are battling life-threatening medical conditions. IIAV's Young Agents are organizing a team for this year's Walk For Wishes! If you are interested please contact Carter Lyons at clyons@iiav.com.
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 IIAV’s Young Agents have a LOT going on and they want you (young or not!) to be a part of it. Mark your calendars and plan to attend the events in the Learn More tab!
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 Spring has sprung! It’s a time of renewal as the world around us turns green again; and it can be a time of renewal for you as well. What new insight can you offer your customers? What new service can you provide? How can you improve your existing service and relationship with your current clients? Don’t underestimate what continuing education can do for you.
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By Tim Sanders
Throughout your career, networking has been recommended
as a staple of success. So you attend conferences, meetings and parties in
order to mingle. As you travel for business, you seek out ways to network, from
planes to restaurants. You overcome any introversion and find a way to talk up
people you’ve just met. But my question is this: Do your networking efforts
move the needle? Have you built a network of relationships that gives you
superpowers in the business world?
Check out Tim’s 5
tips to improve your connections by clicking
here.
*Don’t miss the short video at the bottom of the
article. It includes a GREAT strategy!
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PromoRepublic is a free-to-try Social
Media Content Builder and Posting Tool. It provides users with more than 100,000 ideas, templates and visuals for stunning Facebook, Instagram, Twitter and
LinkedIn posts. All the social media templates are made by a team of professional
designers and copywriters. Users can easily customize templates with a built-in
Graphics Editor.
With PromoRepublic
you get:
* Library with 100,000 post templates & visuals
* Calendar of post ideas for every day with holidays,
days from history, trending topics and events.
* Drag-and-drop Graphics Editor to customize stunning
templates and create posts from scratch
* Auto-posting & scheduling to Facebook, Instagram,
Twitter, LinkedIn
See what
PromoRepublic can do for you here.
If you have an app you would like
to share email Carter Lyons at clyons@iiav.com
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A Flexible Spending Account, commonly referred to as an "FSA," is a type of an employer-sponsored savings account employees fund with pre-tax dollars. These funds are used to pay for certain out-of-pocket health care expenses. FSA’s also allow employees to use pre-tax dollars for certain dependent care expenses. The IRS sets limits for these contributions. The contribution limits for 2017 are as follows:
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Flexible Spending Accounts (FSAs) |
2017 |
2016 |
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Health FSA Max Election |
$2,600 |
$2,550 |
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Dependent Care FSA Max Election |
$5,000 |
$5,000 |
*Please refer to your tax advisor for specific rules and limitations.
Questions? Contact: Monty Dise, President
Asset Protection Group, Inc.
mdise@apgroupinc.om
804-423-7700
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 With few exceptions, Virginia E & O cases, like all civil cases, will be litigated in Virginia courts. There are two types of Virginia state courts that handle civil cases and they operate quite differently. I will describe each of them briefly below.
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