The "how to start an IA" or "IA vs Captive" discussion is all over the forums and websites. Frankly it's the same stuff over and over again and I can't find exactly what I'm looking for. So maybe somebody here can either answer my questions or point me in the right direction.
I am a producer for one of the large Captives. I am located in PA and sell 90% PL. A close friend of mine, mentor, and a former producer at the same company and agency I work at, now owns an IA. We have discussed a lot over the last few weeks and are getting close to putting in place the ideas we have thrown around. That is, allowing me to sell for his IA, with a diminishing split, up to a certain dollar amount premium written and/or a time frame. When that time comes, we will have a buy out clause established that I could take my book with me into my own IA. While I'm writing through him I would be pursuing appointments in order more easily transition out.
Before I ask any of my questions, is there anybody out there who has been either the agency owner or producer in a similar scenario?