Do I need both a 2-20 and a 4-40 or just one or the other. I plan on working with Allstate Insurance (My agent/friend owns her own Allstate agency). I didn't want to ask her, but how are agents paid... Salary, Commission or Both? I know there are salaried positions and it begs the question: Who actually pays the agent's salary.. Is it the Agency owner or is it the Corporation (Allstate) by means of an alloted budget/benefit towards the agency owner. I don't think she is independent, if that helps.
2007-11-13 10:54:20 · 3 answers · asked by plasma71104 4 in Business & Finance ➔ Insurance
Can't help you out with the first, sorry.
Agents are paid on a commission basis. Salaried positions are paid by the owner-agent. Typically, once they've got a big enough book to require someone to service it - that frees them up to sell more.
Allstate pays NOTHING towards salaries or office overhead. NO Allstate agents are independent - they're all captive agents.
2007-11-13 11:28:53 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
As far as what you need to sell property and casualty in FL, go to http://www.fldfs.com/Agents/ - the FL insurance commission website.
Ask your agent/friend about how working for Allstate works and how she got her license. She'd be a good source of info for you.
2007-11-17 11:42:50 · answer #2 · answered by Ceebee 3 · 0⤊ 0⤋
The insurance commissioners office can tell you what you need to get a P & C license.
I work in claims- so I can't help you with the pay questions.
2007-11-13 19:10:27 · answer #3 · answered by Boots 7 · 0⤊ 1⤋