Buying a P&C Business in CA

[Prateek]

Hey everyone,

I'm doing some research about acquiring a license in CA. I'm specifically interested in buying a brokerage/agency, NOT the book of business. Possibly from someone who is retiring and has sold their client list already (so no assets). For the sake of transparency, I would do this so my company can merge/acquire with the licensed company to get an insurance license faster (for the corporation).

Do people do this? How much would you sell yours for?

 

[adjusterjack]

Before you worry about who does this or what it cost, you need to contact the California Department of Insurance to see if it is even possible under the insurance licensing laws:

Agents & Brokers Overview

 

[Prateek]

Before you worry about who does this or what it cost, you need to contact the California Department of Insurance to see if it is even possible under the insurance licensing laws:

Agents & Brokers Overview

Yes, I checked with the CDI. They allow non-licensed entities to merge/acquire licensed entities.