Search found 3 matches

by AZagent
Mon Mar 25, 2013 1:40 pm
Forum: Opinions
Topic: Arizona broker fees
Replies: 6
Views: 41875

Re: Arizona broker fees

If the Wholesale Broker / MGA is making the filing (regardless of the retail agent having a SL license), then my information was correct. If the retail agent has the SL license AND is making the filing, then it is just a matter of following the statute.
by AZagent
Fri Mar 22, 2013 9:05 am
Forum: Opinions
Topic: Arizona broker fees
Replies: 6
Views: 41875

Re: Arizona broker fees

Whoops --- not correct information -- In Arizona a fee for surplus lines business can be charged only by a surplus lines broker and a tax (and stamping fee) must be collected as well by the surplus lines broker. ARS 20-410 C. If you are the retail agent and not the one filing the taxes on the risk, ...
by AZagent
Tue Jul 27, 2010 11:15 am
Forum: Opinions
Topic: New Insurance Agency Startup Questions
Replies: 22
Views: 47953

Re: New Insurance Agency Startup Questions

With 5 years of experience you can do it, but understand the first year is going to be brutal. You need to have savings or another source of income (spouse, family) to survive the first year. Second year will be tough as well but should be a little better than the first year. By the third year you s...