The classical agency theory does not include any government intervention in favor of one party over the other in the relation between principal / agent. In Morocco, we observed that the solvency standards in the insurance sector, based on a standard formula, result in an excessive mobilization of the free cash-flows for the managers, which disrupts the traditional agency relationship at the expense of shareholders. In this article we quantitatively identified this agency bias, observed the resulting shareholder reaction and proposed a series of restatements to the standard formula to eliminate this bias. In a later section, we applied these adjustments to the real case of an insurance company in Morocco and found that the proposed restatements result in the elimination of observed bias.