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Stella Said:

I am interested in becoming an auto insurance broker in texas. What do I need to do to get started.?

We Answered:

get the license

Martha Said:

Auto Insurance broker failed to add driver and now claim has been denied Help pleassssse?

We Answered:

OK, if the claim was denied for failure to disclose the driver, ie, because there was an unlisted driver on the policy, you have a serious errors and ommissions lawsuit on your hand against the broker.

Backdating is risky at best. Companies do NOT like to do it.

He may or may not have had binding authority with AIG. If he had no binding authority, he overstepped his authority.

You are going to need a lawyer on this. And I don't recommend lawyers lightly. But you're looking at an uncovered claim, due to this guy's error and/or ommission.

OK, now, NORMALLY, an insurance company doesn't deny a claim for an unlisted operator . . . they just add them on retroactively to the date of licensing, and charge you (including surcharges) accordingly, so I'm wondering, is it POSSIBLE that this isn't an unlisted operator, but an EXCLUDED operator? Do they even have a LICENSE? And that maybe the excluded operator had the accident, and THEN you called the broker to see if you could add him, backdated?? And when the broker found out about the accident, the company refused to backdate???


*** ok, that makes more sense, with the excluded drivers. UNTIL YOU HAVE the policy endorsement IN WRITING that says you aren't excluded any more, you're still excluded. That is typically NOT a "bindable" endorsement. It would most likely have been outside the agent's authority to "bind" driving on the new car. You're still going to have to get a lawyer if you want to fight it, but it's likely going to be YOUR word against the broker. And it's going to be EXPENSIVE.***

Dora Said:

Do i need to purchase a bond in order to become a auto insurance broker?

We Answered:

As the others have answered...in most States "NO"

I would check with your State dept of Ins regulations "licensing divison".

Ryan Said:

Where is a good school in Los Angeles Ca, so I can become a Auto Insurance Broker?

We Answered:

If you mean start your own firm then I dunno. If you want to work as a producer for a brokerage then contact all that you can find and apply for a job. 9 of 10 will pay for your licensing and teach you the ropes.

Some "captive" companies like State Farm & Allstate offer franchise opportunities but then you can only sell their insurance