Which of the following signatures are required on a Broker and Book of Business Transfer Request Form if the Agent intends to keep their Book of Business?

The requirement for signatures on the Broker and Book of Business Transfer Request Form aims to ensure that all parties involved in the transfer of business are in agreement and that the process is compliant with regulatory standards.

When an Agent intends to retain their Book of Business during a transfer, it's crucial to have the signatures of the Agent themselves, as they must authorize the transfer process. The signature of the Authorized Representative from the former Agency is also necessary to confirm that they acknowledge and consent to the transfer of the business. Additionally, the signature from the Authorized Representative of the new Agency is essential to validate that the new Agency is ready to assume the responsibilities associated with the business being transferred.

By requiring all three signatures, the process safeguards the interests of the Agent, ensures a clear understanding between both agencies, and promotes ethical practices within the industry. This comprehensive agreement helps mitigate any potential disputes and reinforces accountability among the parties involved in the transfer.