insurance- you must be licenced and other legal stuff. what about a supplemental benefit program?
2007-01-10 00:21:30 · 2 answers · asked by Kyle B 1 in Business & Finance ➔ Small Business
Each state is regulated by their insurance Commission. Not only must you be licensed as a producer but also as a broker and there are many insurance laws that you are required to know. Also you must apply to the insurance companys in order to sell thier product and if your book of business is small (which is the norm starting out) they usually require you to become a sub-broker of a larger agent until your book of business grows which means you split the commissions.
2007-01-10 00:59:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
i'm not sure what your needing here. but, to start a business supplemental insurance isn't needed nor required. supplemental means that it is secondary to your primary insurance. your primary is the first insurance policy that you hold.
2007-01-10 08:25:42 · answer #2 · answered by REALLY 5 · 0⤊ 0⤋