article thumbnail

Blueprint for Hiring Licensed-Only Agents

PSM Brokerage

Introduction: Hiring the right licensed-only agents (LOAs) is a critical step in scaling your agency or call center. Job Aid: Steps to Hiring a Licensed-Only Agent (LOA) 1. Requirements: Active insurance license (or willingness to obtain one quickly), sales experience preferred, strong communication skills. Download I.

License 89
article thumbnail

Michigan DIFS Urges Residents to Review Insurance Policies

Insurance Journal

The Michigan Department of Insurance and Financial Services (DIFS) is encouraging Michiganders to carefully review and understand their existing insurance policies with a licensed insurance agent or trusted advisor, and to shop around to ensure the best coverage to protect …

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Majority of Insurance Agents Do Not Read the Policies They Sell—Many Professionals in the Insurance Service Sector Fail to Read the Full Policy

Property Insurance Coverage Law

Insurance policyholders do not read the insurance policies that are sold to them. The insurance contracts are not even provided to the policyholder until after the product is purchased.

article thumbnail

Lack of Insurable Interest Precludes Recovery for Property Damage

The Property Insurance Law Observer

Consequently, the plaintiff was not entitled to indemnity for damage to the property it purported to insure under a commercial property insurance policy. [1] Consequently, the plaintiff was not entitled to indemnity for damage to the property it purported to insure under a commercial property insurance policy. [1] Hawley Insurance Co.

article thumbnail

LMI Claims Conference

Prof. Allan Manning

We also covered off the various compliance training and testing that is necessary when you hold a Australian Financial Services License. Something that LMI Group take very seriously. Thanks to Alison from LMI College who ran the various sessions and congratulations to Steve Smith our Technical Manager who blitzed the tests.

Claim 214
article thumbnail

How to become an insurance agent? Ultimate guide

Friendly Agent

You may find various types of personal insurance and commercial insurance policies. Agents who sell insurance policies of the commercial type provide coverage to business owners with their property insurance, general liability insurance, and other kinds of coverage. As with every business owner or health worker, a license is required.

article thumbnail

How To Become a Life Insurance Agent

Final Expense Brokerage

Share: Understanding the Role of a Life Insurance Agent As a life insurance agent, your primary role is to help individuals and families protect their financial future by providing them with suitable life insurance policies. These courses cover topics such as insurance principles, policy types, ethics, and state-specific regulations.