How to Become a Multiple Auto Insurance Agent or Broker
An insurance agent that is authorized to sell insurance policies for multiple carriers is a noncaptive agent. As a noncaptive agent, the agent is free to consult and quote his clients on multiple carriers and place the clients with the most fitting carrier or carriers. This also applies to noncaptive insurance brokers. While there are very subtle differences between the agent and the broker, the steps to obtaining the ability to sell policies with multiple carriers are quite similar.
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Instructions
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Complete prelicensing education courses for life and healthy, and property and casualty areas, as this will give you more product and carrier options. Register only with educational facilities that are approved by the state's department of licensing. Visit the website of your state's department of insurance to determine the exact prelicensing educational requirements. Use the website to identify the locations of authorized prelicensing facilities in your area.
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Complete the state's licensing application and include any application fees with the signed application. Check with your state's department of insurance for application specifics.
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Register for the applicable state licensing exams upon course completion. Allow your instructor or educational representative to assist you with any questions or concerns you have regarding the exam or licensing process. You will receive your formal insurance licenses soon after passing the exams.
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Decide if you will be an agent who works for himself or an agency, or a broker who works for his clients. Attempt to make this determination prior to seeking carrier appointments, as the contracts and agreements revolve around this representation. Establish your office, if you are working for yourself. Most insurance carriers require agents and brokers to have a business office outside of the home.
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Seek out noncaptive carrier appointments with the carriers you wish to represent. Contact each carrier and complete each individualized application process. Complete the applications thoroughly and be sure to obtain notary signatures when required. Allow approximately 30 days for approval, though processing times vary by carrier.
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Complete all required training and information sessions from carriers who approve your appointments. Familiarize yourself with all of the carriers' formal documents and procedures before you begin to sell the policies. This will minimize the potential for errors.
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