Becoming an Insurance Carrier

lion256

New Member
5
Could anybody guide me on the procedures and processes involved in starting a carrier in a state with low or no deposit requirements ?

Assuming I have the capital in order to fund the operation and pay off initial claims, what are the major obstacles I face ?
 
Could anybody guide me on the procedures and processes involved in starting a carrier in a state with low or no deposit requirements ?

Assuming I have the capital in order to fund the operation and pay off initial claims, what are the major obstacles I face ?

I know there is more involved, but I found the starting line for you...

FRB: How can I start a bank?

I imagine after that, you would contact your DOI, and they would send you about 1,376,987 more forms to fill out. After which you could probbly try and get an application approved.
 
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