How to become an independent insurance agent

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www.Intenseinsurance.com
How To Become A
Licensed Independent
Insurance Agent

This video presents all the information you
need to become a certified independent
insurance agent in the following
sequences of steps and categories:
1. Before you become an agent
2. After licensing
3. During your operation as an agent /
getting more sales as an agent

BeforeYou Become An
Insurance Agent
Here are four things you need to put into consideration before you can
become a licenced independent insurance agent:
1. Develop the qualities of a sales person
2. Work as a captive agent (optional)
3. Obtain insurance agent license
4. Undergo state licensing exam

Develop The Qualities
Of A Sales Person
Been an independent insurance agent involves selling policies of different
insurance companies. And to be successful at selling insurance as an agent, you
will be having physical contact with many different kinds of people on daily basis;
to speak and convince them to buy insurance policies from the firm you represent
through you.
Therefore, to sell and persuade a potential client to buy policies, you need some
salesman’s qualities such as; Customer service, analytical skill, communication
skills, Flexibility, being enthusiastic, confident, disciplined and hardworking.

Work As A Captive agent
(optional).
Working for some other insurance broker as a
captive agent might not be a necessary nor
compulsory step for you to take before becoming an
independent insurance agent, but would be very
helpful for you if you wish to gain some insurance
agency knowledge prior to setting up yours and been
independent.

Obtain Insurance Agent
License
Aside having some good qualities and a prior captive agent
insurance knowledge, you need to be licensed, if you must operate
as a certified independent insurance agent.
We shall discus the following with regards to licensing to be an independent
insurance agent:
The various Licensing types
Educational requirement for licensing
Certification for licensing
You need to know about each and every one of the points listed above

Licensing Types
There are separate licenses for life, accident, and health insurance,
and property and casualty insurance, as well as inland marine, if you
must sell any of these policies.
Note, that you will only be licensed for the insurance policy types that
you’ve pass test.
To sell life and health insurance, you’ll need a General Lines – Life,
Accident, Health and HMO insurance. To sell homeowners and auto
insurance, you’ll need a Property and Casualty Agent’s license

Education For Licensing
There are two types of education required before going for
the licensing exam : general insurance education course and
ethic course.
The general insurance educational course last between 20 to
40 hours, while the ethics course last up to 12 hours.
However, ensure that you take these courses in the state you
are planning to operate at.

Certification for licensing.
Insurance licensing certificates are jointly provided by The American
Institute for Chartered Property Casualty Underwriter (AICPCU) and
the Insurance Institute of America (IIA)
Some example of these insurance agents certificates includes :
Certificate in General Insurance, Chartered Property Casualty
Underwriter (CPCU),
Associate in Claims (AIC)
Associate in Insurance Services (AIS)
Associate in Personal Insurance (API)
Accredited Advisor in Insurance (AAI).

Take The State Licensing
Exam.
After successfully scalping through the pre-licensing training
courses then you can take state certification exams. Passing
the state licensing exam grants you the opportunity to be an
independent insurance agent.
You can use your individual agent license if you choose to
operate your business as a sole proprietorship. But, if you
plan to hire other agents to be part of your insurance agency,
then you may need to obtain an agency license.

WHAT TO DO AFTER
LICENSING
Since you are now a certified insurance agent, what
you need next now are these two things:
1) Register your business and
2) Ensure to “insure your business” as well.
These two steps will be beneficial for the smooth
running of your insurance agency business.

Register Your Business
And Do Tax Planning.
Your need to register your business name with the
help of a certified lawyer. You also need the assistance
of an accountant for tax planning. Both registration of
your business name and tax planning are key factor
considerations that would help your agency on the long
haul.

Insure Your Insurance
Business Too.
You will need to also insure your insurance
agency business. As a business entity, you will
need at least these three different business
insurance policy : errors and omissions (E&O)
insurance, worker’s compensation insurance,
and business owner policy (BOP).

TO GET MORE SALES AND
APPOINTMENTS, TRY THE
FOLLOWING…….
1) Have online presence
You need to take your agency business online. To have a web
presence, you need to design your agency’s website.
2) Join insurance agent cluster group
You need to join insurance cluster groups for getting fast policy sales,
and to be able to sell different types of insurance, from several
insurance companies in a short while after you are newly licensed.

3) Buy a book of business
The surest way to gain yourself a quick recognition and make sales as
newly licensed independent insurance agent is to buy a book of
business from another well established insurance broker.
A book refers to the clients and all their associated policies. When you
purchase a book, the selling agent automatically transfers his or her
status as the agent of record for his policyholders to you as someone
whom just purchases his book.
By buying a book, you will take responsibility for the other agent.

Use an agency
management software
Although you can manually perform your
entire insurance business task, but for more
accuracy, you need to use the agency
management software

I hope those tips will help you a lot. If
you have took note of this slide, it does
not give you tips of becoming a licensed
insurance agent alone, but also walk you
through how to be a successful
independent insurance agent and get
more sales.

Read the full Article Here!
www.IntenseInsurance.com
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How to become an independent insurance agent

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