Starting my Own Shop. Need Help!

Sep 30, 2015

  1. leveredbuyout
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    leveredbuyout New Member

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    Hello all first time poster but I have been viewing the site on and off for a year finding great nuggets of information.

    About me: I used to be a financial advisor and then turned trader full time. I find my self really bored after an hour of market opening as this is when I am usually done trading and wanted to utilize my insurance license for extra income.

    I have worked in insurance before several years ago with an IMO but I got frustrated given the cost of leads compared to their exclusivity. So what I wanted to know was a simple question

    I know how to generate leads on my own so can I just have say four or five carriers I contract with and sell FE or other lines of insurance without having to be part of an IMO NMO ect? I just want to make calls, do some marketing, and write apps without having an IMO or other body taking a split or going under their carriers. Thoughts would be appreciated thank you.
     
  2. Tkruger
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    Tkruger Guru

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    The challenge you're going to run into is a high enough production level to go direct.

    I suggest you speak with Todd R. King for contracting as he's fair with regards to comp.

    (800) 590-7207 Toll Free
    (540) 400-6275 Local
    (888) 748-3978 Fax
    TRKingIM.com
     
    Tkruger, Sep 30, 2015
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  3. darius_cross
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    darius_cross New Member

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    If you can get yourself appointed independently...I say go for it! It has been my experience, however, that carriers don't like to appoint individuals who don't have an IMO/FMO behind them.

    Good luck!
     
  4. leveredbuyout
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    leveredbuyout New Member

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    I see so its not a matter of can I do it but will reputable carriers allow me to contract under them when I have (currently) no premium or any written to show production levels in the last few years. Makes sense. Ok I will check out the suggestion above.

    Thank you for the answers.
     
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