While working on various regulatory initiatives, FACC identified a gap in representation of independent insurance agencies and marketing organizations (IMOs and BGAs). These companies provide critical resources and support to independent agents as they work tirelessly to help protect clients’ financial well-being with guaranteed insurance solutions. FACC does not have competing interests with securities products and their distribution.
FACC, through its independent marketing organizations and agencies, works to ensure:
• Regulatory awareness and acknowledgement of independent distribution
• Workable and administratively feasible compliance policies
• Increased producer training and education
• Improved awareness of the tools and strategies available to support IMOs and agencies