I have been running a little independent agency for almost 3 years with one appointing carrier. In order to expand this agency, I contacted Allied for new appointment. Allied sales director and manager came to my office for this matter. They
asked me to provide my agency value report and loss ratio report etc. to evaluate my agency and it seemed that we had great discussion about my business plan etc. But in the last minute, they wanted me to sign an additional agreement to allow Allied to quote all my current renewal policies in next 12 month once appointment completed. I must provide copies of declaration page of all my client policies to a Allied special team to make quote for me
. As long as the premium lower than Allied's quote I should inform client that Allied will issue new policy instead of current one. I'm not comfortable about this agreement and haven’t signed that agreement. I want to take time to think about it. Imaging this situation: if all business of my current appointing carrier are really moved to Allied in 12 month, the sale manager of current appointing carrier would come to office to ask why and terminate my appointment. My plan is to grow my agency with multiple appointment carriers. It’s my decision to select which carrier to place business with and try balance among them. I don’t want lost current appointment while pleasing Allied for new appointment. I’d like to hear some advice from experienced agents in this forum.