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Online Insurance Agency

Marc Said:

How do you get started selling insurance online?

We Answered:

First, you need a license. You need a license to sell insurance, in whichever state someone wants to buy it. If you want to sell in all 50 states, you need to get LICENSED in all 50 states. It's a PITB to do it.

Then, you have to line up companies. Not all companies do business in all states. It will be almost impossible to get appointed to a company, if you don't have an existing "book of business" you can give them. With no experience, well, that's just ANOTHER major strike against you.

Most states require that if you're selling insurance, you ALSO have to maintain an office premises, with normal business hours, so you have a physical presence in that state.

I'd say, it's a mediocre idea at best, considering the type of clientele you'll get - don't ask me to explain, it's obvious to people with experience in the business. And it will be difficult to implement.

Jennie Said:

What kind of lisences would i need to start an online travel agency in Knoxville,TN?

We Answered:

You would register at city hall. You would also normally join one of the Travel Advisor trade groups so you could advertise their logo on your site.
Most people don't worry about any licenses because they don't make enuf money for them to owe any tax. The city would only get interested if you passed $30,000 in yearly income.
You could probably get an "umbrella" rider to your home insurance policy to cover your new venture. If you earn $1Million, you can start shopping for more comprehensive coverage..

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