Ok, this is where I feel like to learn something. I have not worked in the field yet but need to know this before I get into any agreement;
Lets say my agency works with A, B, and C carriers. When I move out to go open my own agency, I take my own book with me. This time I work with D and E carriers or a cluster.
At the time of policy renewal of my ex-clients, what happens? Do I have to give them a quote and transfer them to my new carriers and start from scratch or do I continue getting my commissions somehow?
What are the conditions that make me to be able to collect renewal commission?
As always; Thanks for your valuable time and responses.
Lets say my agency works with A, B, and C carriers. When I move out to go open my own agency, I take my own book with me. This time I work with D and E carriers or a cluster.
At the time of policy renewal of my ex-clients, what happens? Do I have to give them a quote and transfer them to my new carriers and start from scratch or do I continue getting my commissions somehow?
What are the conditions that make me to be able to collect renewal commission?
As always; Thanks for your valuable time and responses.