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 Posted: Wed Sep 30, 2009 8:53 pm Post subject: Where to start when starting a Insurance Brokerage??? |
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How do you go about getting a contract or appointed with Insurance Companies to sell their products? I have 20 years experience, 9 year commercial Fleet Underwriting, 1 year Nationwide office Agent, 10 years Agent. My husband is not interested in getting into the industry, so I guess it's time to take this to another level.
Any suggestions??? Ideas??? Help???
Thanks and I look forward to the responses.
btw, I am new here, I figure I needed to find a place on the internet where other Insurance professions networked : ) |
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SonyaL
New member
Joined: 30 Sep 2009
Posts: 1
1.35 Dollars($)
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| Posted: Thu Oct 01, 2009 5:11 am Post subject: |
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You seem to have a lot of professional experience in this field. It would be great to know more about your experiences with Nationwide. Did you work as an independent insurance agent for the 10 years that you've mentioned?
Steven |
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steven
Senior member
Joined: 02 Feb 2006
Posts: 760
116.97 Dollars($)
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| Posted: Thu Oct 01, 2009 7:07 am Post subject: |
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SonyaL,
There are 2 ways to get contracts with carriers. The first is to go to the carrier directly (some do not allow this...like MetLife). Depending your commited productrion will dictate your commission.
The other way is to join or us an IMO or BGA (a broker) who has contracts with many carriers. |
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Marpol
Full member
Joined: 02 Oct 2007
Posts: 60
27.18 Dollars($)
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