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Working with an insurance intermediary service allows the independent agent to review many quotes and offer their clients the best policy options available. For their efforts, independent agents are paid a commission (remuneration). [2] In addition to insurance policies, agents often sell mutual funds, annuities, and products that address ...
A captive insurance agent works exclusively with one insurer, selling only that company’s products (e.g., a State Farm agent who solely sells State Farm insurance policies). An independent agent ...
For example, a life insurance agent’s commission can be quite considerable during the first year of the policy, but often very small thereafter; and whole life insurance policies will earn a ...
It is the second-largest writer of U.S. commercial property casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. [3] [4] [citation needed] Travelers is incorporated in Minnesota, with headquarters in New York City, and its largest office in Hartford, Connecticut. [2]
The IIABA has spent more than $1 million in 2010 in lobbying efforts on federal crop insurance, insurance licensing reform, and other insurance issues. [2]The IIABA supported the National Association of Registered Agents and Brokers Reform Act of 2013 (H.R. 1155; 113th Congress), a bill which would reduce the regulatory costs of complying with multiple states' requirements for insurance ...
Contact an agent or broker: Once you know what kind of insurance you need, you can reach out to commercial insurance brokers or company agents to get exact pricing details and purchase a policy.
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