For Insurance Producers
The advertising rules are complex and challenging to manage. State and federal advertising regulations require that you make no misleading statements - and that is particularly critical for your advertising. A misleading statement in advertising is written proof that regulators and plaintiff attorneys can use against you. Don't make it that easy for them!
Summit offers a variety of advertising review services to help you manage your advertising risks, including:
Pre-review and approval of materials
Post-review analysis and recommendations
One-on-one consulting on specific advertising concepts or materials
Advertising training
And much more!
Contact us to find out how we can tailor our services to meet your unique business needs.
The insurance regulations are complex and many, and complying with them is critical to your continued success. At Summit, we understand that you're busy serving your clients and running your business so we make compliance training easy. We offer training on topics that are important to you in plain English. We offer training on-line, on-demand, or in-person to meet your busy schedule.
Some common topics include:
Suitability/Best Interest/Fiduciary roles and responsibilities
Advertising compliance considerations and best practices, including how to avoid misleading statements
Client file documentation and retention
Rebates and inducements
Client privacy and cybersecurity
Sales practices such as replacements, cross border sales, sales to seniors, rebates/inducements, etc.
Regulatory hot topics and ways to protect your business
And many more!
Whatever your training needs, we offer expert assistance drawing on decades of experience in the financial industry. Our training helps you understand what the rules mean to you, and proven, practical steps you can take to manage your risks. Call us today to see how we can make compliance easier!
The regulatory environment continues to present new and complex challenges to insurance carriers. At Summit, we leverage the experience and expertise of our network of professionals to provide you with the insights and consultative approach that can help you sleep better at night. A few of the services we offer include:
Comprehensive or targeted risk assessments, complete with recommendations for industry best-practice solutions
Independent testing/assessment of distribution business partners
Industry-leading producer oversight models and processes
Targeted training for employees and producers
Summit offers a wide range of services that can be customized to meet your needs, as well as those of your distribution business partners. Contact us to learn more about how we can help reduce your risk in this vital area.
Processes lie at the heart of a sound operations function by providing predictable, repeatable results. At Summit, we understand how compliance controls can affect efficiency and customer satisfaction. Our professional staff will leverage their extensive experience to provide industry best-practice solutions while always keeping efficiency in mind. We offer a number of services including:
Independent testing of policies and procedures, supervisory procedures, and oversight protocols
Cybersecurity risk assessments, information security program development, third-party due diligence/oversight, etc.
Targeted employee training
Tailored process development and/or improvement
Best practice benchmarking
At Summit, our solutions can be customized to meet your individual needs. Please contact us to learn more about how we can help you reduce your operational risk.