Farmers Appointment and Corporations in CA

[Insurance951]

If I had a personal appointment with Farmers could I have a corporation and still use my personal appointment? I would like to have them pay my corporation and not me personally.

 

[djs]

Most carriers will pay corporations. Looking at the Farmers website, there are a few agents listed as corporations, so I doubt this will be a problem.

The only issue is if you are securities licensed. I don't think any captive P&C carriers (through their broker/dealer arm) will pay securities commission to a corporation, some strange rule that the claim exists (and it might, I've never been clear on this).

Dan

 

[Insurance951]

Most carriers will pay corporations. Looking at the Farmers website, there are a few agents listed as corporations, so I doubt this will be a problem.

The only issue is if you are securities licensed. I don't think any captive P&C carriers (through their broker/dealer arm) will pay securities commission to a corporation, some strange rule that the claim exists (and it might, I've never been clear on this).

Dan

Okay...thanks for the info Dan. Much appreciated!