in this issue

Meet Kristy Harris

What Every Agent Should Know About Licensing

Licensing Updates

What is G3?

Meet Kristy Harris

We are pleased to introduce Kristy Harris from our Dallas office. She was hired in 2003 as a P&B Underwriter Trainee under the tutelage of Cindy Hoskins. She learned quickly and was soon promoted to an Underwriter. It was apparent that she had "the right stuff" and in 2006, Kristy was promoted to a Corporate Underwriter as our Corporate Department started to grow.

Kristy is a graduate of Embry Riddle Aeronautical University where she obtained her Bachelor of Science Degree in Aviation Management. She is currently working on her Private pilots license. After graduating from ERAU, Kristy was introduced to the exciting world of avaition insurance by working for a large general aviation insurance broker in Texas .

Being a Florida native, Kristy is a big Florida Gators fan so football season is an exciting time in the Dallas office. We would like to mention how proud we are of her husband Andre who just completed helicopter training in the U.S. Army Reserves. He is now checked out in the Apache helicopter. Whooo Rah!

Hello Roger,

Please visit our our new web site at pamav.com. We have a new look which identifies us as part of the Old Republic organization. There are links to Old Republic Insurance Comapny and their financial information as well as information about Phoenix and forms for download.

·  What Every Agent Should Know About Licensing

Licensing is probably one of the most misunderstood areas of agency operations. Let's face it, it is bureaucratic, it can be complicated and costs money. However, the consequences of not being properly licensed during a state compliance audit can be very expensive in fines and penalties.

Some states require that an agency as well as the agent be licensed as an insurance entity and registered as a foreign corporation. The reciprocity and uniformity in the National Association of Insurance Commissioners Producer Licensing Model act is not always followed.

It gets even more complicated when an agency has multiple locations in different states. The home office may hold an agency non-resident license in a particular state but the producer in the satellite office must be licensed as well. Furthermore, in some states the satellite office must also have an agency license if they are writing the business through the satellite office. Confused?

We are taking the confusion out of agency licensing. To assist our agents and brokers, we now have a Compliance Coordinator, Tamara Aiken, and her assistant, Chrissie Boone who will assist you with your licensing questions and problems. We can also recommend two web sites that will assist you with licensing; National Association of Insurance Commissioners (www.naic.com). A good source for information about the insurance industry and links to state insurance departments. National Insurance Producer Registry (www.nipr.com). This is a great web site for easy electronic licensing for both initial and renewal resident and non resident licenses

·  Licensing Updates

If you hold an insurance license in these states, take note of the recent changes regarding CE requirements:

South Carolina - Completion by May 1, 2008 All insurance producers must now complete a 3-hour ethics course in addition to the required 24 CE credits.

Connecticut - Effective August 1, 2007 All P&C and Personal Lines licensees must complete a one-time 3-credit course on Federal Flood requirements as part of their total CE requirement.

New Jersey - Effective January 2007 Specific requirements for line of authority (life, variable, accident health or sickness, property, casualty, personal lines and surplus lines) were eliminated this year. (This means that except for the ethics requirement, license holders may take as many or as few title courses as they wish.)

·  What is G3?

Are you ready? G3 OLS, the third generation of the Phoenix on line quoting system will go live in November. There are numerous upgrades including a larger selection of quotable aircraft. If you or your agency is not a current user, contact Thomas Hollinger or go to http://portal.phoenixaviationmgrs.com/ to register. Don't be left out!