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"Today, the company is known as the #1 national insurance marketing firm in the United States, supporting agents selling insurance plans.I'm reviewing the KIG Broker Agreement and I do not see this stated anywhere. Anyone here who has contracted with Kingdom and knows whether vesting starts day 1?
I'm reviewing the KIG Broker Agreement and I do not see this stated anywhere. Anyone here who has contracted with Kingdom and knows whether vesting starts day 1?
The agreement states they will provide a Reciprocal Letter of Release. Is that standard?Best to make sure. Also check to see if they provide releases if needed. Also get it in writing!
The agreement states they will provide a Reciprocal Letter of Release. Is that standard?
There is a separate Broker Agreement between myself and KIG. And then there are agreements between myself and the carriers. Is there any particular language in the agreement that would indicate it?Yes....however, if you have to sign a separate "agreement" with them, then it sounds like you will be captive (which I thought they were). You may want to think twice about that!
There is a separate Broker Agreement between myself and KIG. And then there are agreements between myself and the carriers. Is there any particular language in the agreement that would indicate it?
On their site, they say you're paid by the carrier. Doesn't sound captive.There is a separate Broker Agreement between myself and KIG. And then there are agreements between myself and the carriers. Is there any particular language in the agreement that would indicate it?
Ok, I see. Thanks for the insight, the carriers will be paying me directly. Good thing, I do not see anything along the lines of not being able to sell or can't contact clients.You would know if you are captive be who pays you. Are you going to be paid direct from the insurance companies or from Kingdom. If it is Kingdom paying you, then you are definitely captive to them and your business is actually their business. If you leave, you can't take it with you.
If you find something in the wording that says anything about you not being able to sell for 2 years or you can't contact clients or anything like that, then you don't want to start there at all!
Ok, I see. Thanks for the insight, the carriers will be paying me directly. Good thing, I do not see anything along the lines of not being able to sell or can't contact clients.
But is this standard contract language, 'Upon termination with cause of the broker all earned commissions are immediately paid in the future to Company" Company means FMO in this case.