NLIC.org

Pedro Said:

I have some questions about starting an escort agency?

We Answered:

Don't know what "Health Nut" was on about! lol

Well I'm an independent escort in the UK. I will try to answer your question as best i can, although not a lawyer, i have done a lot of research in this field.

- a good site to get legal info from is www.sw5.(can't remember rest, but google it along with "escort"). It is aimed at gay escorts but the legal stuff is the same.

-I think most agencies have nothing to do with their employees tax etc, as far as i know, that's usually the escort's responsibility

- You are right when you say it is illegal to live off the profits of prostitution. I think agency owners usually get round this by putting disclaimers everywhere stating that "this agency provides women for companionship only, if anything else occurs it is by co-incidence and is the business of the escort and the client" etc etc....

I'm sorry i can't be of more help!

x

Jordan Said:

How is it that insurance agents get to play golf and get of the office so much?

We Answered:

You don't have to be in management to have free time. Once you build a book of business you need to only properly service it. Hire a customer service rep and you're good to go. It takes time though.

Salvador Said:

i gota letter from my insurance that my car was involved in hit and run 2 weeks ago the people put in?

We Answered:

dick car guy has it right and you had also better talk to your insurance company. You cannot afford to sit on your **** over this

Tyler Said:

How can i file an insurance claim without provider info like social and date of birth?

We Answered:

Just because you don't have this info, doesn't mean the claim cannot be submitted. The card you got should have enough info on the subscriber for the provider to submit a claim. Any requests for additional info will go the subscriber.

Short of that, send the bills to your ex with an explanation of what you need (certified).

Esther Said:

My husband wants to become an insurance agent and run his own agency.?

We Answered:

It's massive, long hours the first few years - like 80 hour weeks.

And sales is hard. Straight commission, of course. The big bucks don't come right away. And, about 95% of agents wash out their first year.

Chester Said:

I would like to know how the currect economic climate affects Insurance Agencies.?

We Answered:

It has effected some insurance agencies across the country, but not all.

Usually in a down economy, the first area that people look to trim back is on their insurance. For this reason you are likely to have consumers who are much more price conscious than usual (willing to sacrifice coverage for premium). This equates into consumers leaving their insurance agencies for companies or other agencies that offer lower premiums. If an agency has to move a client to less expensive company in house, that could mean lower commissions. Either way, it effects the bottom line.

The economic climate has also effected the way some insurance companies pay their commissions or contingencies. I have heard stories of some companies cutting their commissions and/or discontinuing profit sharing indefinetely due to the economic climate. Why? Before the economic climate changed many insurance companies calculated that they could make more money by charging consumers less, running up their loss and expense ratios to a 100% combined ratio. The lower premiums would result in more market share and more overall premium, thus giving insurance companies the ability to invest more money. Many of these companies would make a very impressive profit off their investments only (no underwriting profit). However, since the economic climate changed many of these insurance companies are simply losing all that money because they are not making on their investments. So, in order to compensate for losing investment profit, they are tightening their underwriting (to make an underwriting profit) and cutting controllable expenses (such as commissions and profit sharing) in order to jump back into the black.

While it is true that people will always need some form of insurance, to say that insurance companies/agencies will be unaffected is not supported by any evidence. Demand for insurance might remain steady, but demand itself does not ensure stability.