Premium Finance

[goinstx]

Hello is there anyone out there who use any outside premium finance? I've been thinking about signing up with one. Does anybody know if they need any kind volume limit? or if its even worth it?. Any feedback would be helpful. Thanks

 

[TXInsuranceAgent]

Our agency uses Premium Assignment Corporation (PAC). We don't use them a whole lot so I honestly couldn't tell you if they have a volume limit or not. I really don't mess with commercial products so I couldn't give you much information on them. They do have a minimum earned premium even if the client cancels the policy just days later. www.premiumassignment.com

 

[Scottyj]

Imperial premium finance... Using them as an agency 18 years now

 

[greatfish]

Yes you should use an outside premium finance and not what the wholesaler is sending you. The finance companies do have profit sharing as well.

 

[Matt37]

Yes you should use an outside premium finance and not what the wholesaler is sending you. The finance companies do have profit sharing as well.

I agree.

Don't just use the finance companies the the wholesaler wants you to.. they get cuts of that.

We use Bank Direct, US Premium, and Imperial.. US Premium the most because our agency has $200M TD premium with them with good history so they will negotiate terms with us.

 

[dallashorn]

Derek Freeman
Stonemark, Inc.
8501 Wade Blvd, Suite 620
Frisco, Texas 75034
P: (214) 618-8722
F: (214) 618-8723
[email protected]