Cash for Leads From Other Lic Agents

Mar 15, 2016

  1. Cencal
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    Cencal New Member

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    Can I a licensed Life and Health agent market our services to P&C and LH agents like this?

    "Want to make money on health insurance? " Just give out our card. We do all the work and treat your client with excellent customer service. We give you $50 cash per lead that turns into a sale. "

    Thank you for the input.
     
    Cencal, Mar 15, 2016
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  2. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    It cannot be based on the lead turning into a sale. But you can do that for referrals only.
     
    DHK, Mar 15, 2016
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  3. Newby
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    It can if the referrer is licensed.
     
    Newby, Mar 15, 2016
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  4. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    You're right - they'd have to have the same licensing.

    You can't make the offer contingent on a sale to a P&C only licensed agent to refer clients to a L&H only licensed agent.
     
    DHK, Mar 15, 2016
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  5. Cencal
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    Cencal New Member

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    Thank you for the reply. How do I find the info? DOI says the are silent on the law and regulation?

    ----------

    So my P&C pitch for leads must say Cash for Leads. LH pitch can be $50 per sale Maybe I can write one letter and explain both options in the pitch. I am just looking to do this local in my 30 mile radius.
     
    Cencal, Mar 15, 2016
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  6. InsCommentary
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    InsCommentary Guru

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    Why not find a professional agency that focuses on commercial production and one focused on personal lines and do mutual referrals that benefit all of you?
     
  7. mudhound
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    I would think it is done all the time. It is called a handshake
     
    mudhound, Mar 24, 2016
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  8. b61mack
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    b61mack Guru

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    Each state has a max. amount you can give away, Around 20. dollars. Check with your state.
     
    b61mack, Mar 24, 2016
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