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| *Loan,banking and credit>>>insurance agent |
As an independent life insurance agent, is it possible to contract with two agencies or IMO's? |
I'm an independent agent with one agency that found a great oppourtunity with another agency. This depends on your situation. You can contract with as many IMO's or FMO's that you wish. As far as the Agency you are with, that is another matter. It really comes down to your moral fiber. If that agency is providing you with an office, leads, etc. I would not contract with other agencies. If another agency has a product or company you would like to offer, you can speak to your agency manager and they should be able to contract with that company....But the bottom line is it depends if you signed a contract with your current agency to be exclusive to them. If not, then you can go through another agency. Your current agency may be recluctant to release you from the up/downline you are currently a part of with the companies that you are contracted with through that agency. Hope that helps....If you have other questions, feel free to ask. If you're an independent agent, you can contract with as many companies as you wish. You didn't know that? Oy. Good points all.. also don't forget E&O coverage..who covers you? If the different agencies appoint you with different companies, all this will show up on the state DOI website (at least in my state) You should probably pick one and stay there. Of find what you like about both and start your own agency. Nothing like having your own name on the door. |
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