NLIC.org

Vera Said:

What do contract attorneys do for insurance?

We Answered:

Like all self-employed people they buy their insurance from companies who specialize in that. Check the yellow pages or google it.

Lucille Said:

As an independent life insurance agent, is it possible to contract with two agencies or IMO's?

We Answered:

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.

Frederick Said:

Is purchasing car insurance a legal binding contract?

We Answered:

No, but they can report that they are no longer covering you. You are allowed to cancel insurance at any time for auto coverage as long as you don't drive the car.