0
Is it legal for an insurance agent to work for two insurance companies at the same time?
Wiki User
∙ 10y ago
can a general insurance agent represent more than 2 companies
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoYes, Independent Insurance agents often represent dozens of insuring markets
Add your answer:
Earn +20 pts
Are insurance broker and insurance agent the same?
No
Can two people hold two life insurance poicies on the same person with different companies?
YES, you can have multiple insurance policies, from different companies or even from the same company. Each company has it's own rules of how much life insurance someone can get. You can get quotes from multiple companies and have life insurance policies issued simultaneously from different companies. You should work with an insurance agent that has access to multiple insurance companies and can advise you what requirements each company has, and the limits they are willing to issue for life insurance.
Do all companies offer the same travel insurance?
All insurance companies will offer you the same basic travel insurance package. Compare the details at http://www.moneysupermarket.com/travel-insurance/
What is a title insurance producer?
Generally speaking, a title insurance producer is the same as a title insurance agent.
Is privilege insurance the same as life insurance?
Privilege insurance is not the same as life insurance. To receive a better understanding of the difference between the two, it is best to contact an insurance agent.
Do Insurance Companies mind if you have coverage with them but go to a different agent and get a cheaper quote and then bind that cheaper quote from the same company?
Insurance agents make their money as a percentage of your premium. Obviously, the larger the premium, the more profit there is for the agent. Also with a larger pool of clients the agent can accept a smaller profit and still make money. The insurance *company* is going to negotiate an acceptable split with anyone acting as their agent. Which agent you deal with is not their concern. There may even be laws preventing them from steering towards one agent in preference to another.
How can get auto insurance agency you means if you want to start your own business ie auto insurance Agency so what is the procedure Thanks?
First, you need to get your insurance license. Check your state's Department of Insurance for details. Then you contact companies that provide insurance policy to independent agent to sell. You can research this on either the internet or check the local yellow pages to find the advertisement that list many insurance companies from the same office.
How can someone get auto insurance quotes from a large number of companies at the same time?
Quotes from several insurers simultaneously can be obtained through a licensed insurance agent who sells policies from multiple companies rather than a single insurer. Multiple quotes can also be obtained online on websites such as Net Quote or Smart Car Insurance Quotes.
Can an auto cheap insurance online quote be as accurate as an insurance agents?
The online quotes are based on the same criteria that an agent uses to quote. Certainly, if you have an agent, check with him or her when you need insurance. Do the online research, too, for a point of discussion with the agent.
What is the commission for a health insurance agent on average?
If he is a captive agent selling Term Insurance, it could be anywhere from 40 -50 %. If he is a broker selling the same insurance it could be anywhere from 60% and up.
Is it cheaper to purchase auto insurance with an agent or directly through the company website?
It looks like that for the companies that use agents, buying "through the website" is actually just a pass-through to your local agent, so the price will be the same either way.
Can you have a car in double insurance coverage?
If you are covered by two different insurance companies at the same time.
