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The association was founded in 1896 as the National Association of Local Fire Insurance Agents. In 1913, the organization changed its name to the National Association of Insurance Agents when it expanded to include property-casualty business and coverages. The name was changed again in 1975 to the Independent Insurance Agents of America.
Independent agents are independent contractors for the insurance companies they represent. Several companies may authorize the agent to sell for them, but the agent remains an independent businessperson. While the agent collects commissions, they do not collect a salary from the companies they represent. On average, independent agents work with ...
Insurance is a key component of financial independence. Bankrate explains. McBride also stated, “After all, the career advancement and higher earnings potential is what will ultimately position ...
Below, average quoted premiums sourced from Quadrant Information Services provide a glimpse into insurance rates for homeowners carrying $150,000, $300,000, $350,000, $450,000 and $750,000 in ...
AFS/IBEX division was selected by the Independent Insurance Agents of Texas (IIAT) to be its exclusive premium finance company of choice in 2015. In 2016, Bank Director Magazine named MetaBank the number one top growth bank of 7,000 banks nationwide. Pathward received an investment grade rating by Kroll Bond Rating Agency in 2016.
To further complicate things, there are different types of agents. A captive insurance agent works exclusively with one insurer, selling only that company’s products (e.g., a State Farm agent ...
Insurance broker. An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers ...
A financial advisor can offer comprehensive advice on different areas of financial planning, including insurance. An agent, meanwhile, can help you buy an insurance policy. You might get advice ...