Insurance Agent’s Book of Business Is Marital Property

Business Valuation Update BVLaw
Legal and Court Case Update
August 27, 1999
6411 Insurance Agents, Brokers, and Service
524210 Insurance Agencies and Brokerages
marital dissolution/divorce

James R. Cozart v. Lynn Anne Cozart
No. 02A01-9810-CV-00285 (Tenn. App. 1999)
US
State Court
Tennessee
Court of Appeals
Crawford

Summary

The Tennessee Court of Appeals determined that an insurance agent's business was a marital asset subject to valuation and division in divorce.

See Also

James R. Cozart v. Lynn Anne Cozart

The Tennessee Court of Appeals determined that an insurance agent's business was a marital asset subject to valuation and division in divorce. It determined that the business was made of two parts: the book of business and the deferred compensation packa ...