Legal Question in Business Law in Florida
If the president of an insurance agency (c-corporation) committed an error in which the corporation is being sued, but the vice president and treasurer were not aware, weren't really physically involved in the office / corporation (Just in name), would they be personally liable and would they lose their insurance agent license? again, The president messed up.
Asked on 2/08/17, 3:03 pm
1 Answer from Attorneys
David Slater
David P. Slater, Esq.
There should be no personal liability. Nor should this effect their individual license.
Answered on 2/08/17, 3:11 pm
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