NLIC.org

Elaine Said:

How can I report an Insurance broker for shady business practices?

We Answered:

Call your State insurance department's consumer complaint division. You don't mention what State you are in so here is a link to all of the insurance departments in the U.S.

http://www.naic.org/state_web_map.htm

Mitchell Said:

how do i start a business in car transporting as the broker? what kind of insurance, bond,etc do i need to hav

We Answered:

As the business owner, you do not need any license for driving any vehicle, since you are just using the computer, etc., to make loads.
You will have to have state and city license, maybe have to have business in the right zone, etc., You probably will be required to have a bond, depending upon your state. If you are hiring independent truckers with their own insurance, they are the primary people responsible for the vehicles.
You need to have insurance at least 1M anyway just to cover yourself even with independents having their own.
You need a good accountant and lawyer to properly set up things and make contracts for your drivers.
I have to pay lic, puc's be bonded and have ins. Costs a lot, esp w/diesel up there.

Velma Said:

How do I become a Life and Health Insurance Broker in Arizona?

We Answered:

There isn't any difference, from your point of view, in an agent and a broker. The license is the same.

You want a producer's license.

Good luck finding someone to let you sell their insurance. That's the hard part.

Bonnie Said:

How do I become an admitted insurance broker?

We Answered:

You need to get a company to appoint you - and that's mostly through networking.

Usually in your shoes, YOU don't get to choose from companies, you're more likely to have to take whoever will take you on. Progressive is a pretty easy one to get into, or any captive agent like State Farm, or Allstate, but then it narrows your options in the long run.

Christopher Said:

what experience do you need to become an insurance broker?

We Answered:

Selling in most cases including Insurance is done on Commission unless your company will start you out on a draw that you will get started with or at some point have to pay back possibly. 1st get your license and work under someone else to gain some experience say a year or so. then after that if your still liking the business break on out into the business and open your own office. once you get into the business more you will find the more Prestigious firms. However Prestige is one thing and bottom line is another. I'd rather have more money in my pocket and a little less Prestige...