CHALLENGE
A large Fortune 500 insurance
provider is faced with the task of conducting a 50 state survey
to research states that have enacted statutes establishing
requirements/limitations with respect to the termination of
insurance agent contracts (e.g., notice), or which provide
for post termination payments of any kind. These issues required
the discussion of the following
- State Statutes
- Applicable case law in each state
- A State by State breakdown of the findings
SOLUTION
The legal department contacted
LegalEase Solutions detailing the requirements for the survey,
the budget and the time limit under which they needed the
survey to be completed
LegalEase Solutions mobilized
its teams to complete the survey within the designated budget
and time
CONCLUSIONS
Using LegalEase Solutions, the insurance
company reaped the following benefits;
- Savings of over $15,000 on a single project
- 25% of what might have been charged by their law firm
- Efficiency savings of 75% on the time turnaround for the
project
|
