I have been burned so many times by this company. i am surprised they are still in business. Plus their online rating has had many accuracy problems.

Check out

www.paulmargroup.com to manage commercial agency.

I'm not sure why anyone would use either of these companies. Every single product that either company offers can be found through wholesalers. And without paying monthly dues. They both cause significant problems with accounting as well.

I outsource my production to the Paulmar Group. www.paulmargroup.com The cost is very little compared to having someone perform this data entry for me. They manage all production for multiple locations each individual producer. They can even manage all different commission levels for direct bill and...

A touchy subject here! Well as an insurance agent for the last 12 years I have to say that I am ready for something different. My book of business this year has declined almost 34% at one point reaching about $1.2 in premiums sold. Not a whole lot but enough to make a decent profit. Most f not all o...

I currently utilize close to 26 carriers between CA. AZ. NV and Texas to write personal and commercial lines insurance. All of which are direct bill commission type policies. I have to manage chargebacks earned and unearned commission and this traffic is consuming a lot of time. Question: What do mo...

I will provide a response to Wayne Lunday based on the following: • While Lunday’s comments on cash-flow and retained earnings are correct, none relates to the trust account issues. They do not respond to Ray’s question: how does an agent know to transfer commission to the operating account without ...

[quote][/quote] 7 DEADLY SINS OF TRUST ACCOUNT MANAGEMENT :shock: Can you think of more? 1. Low profitability. 2. Infrequent monitoring and control of trust account solvency 3. Violations of fiduciary obligations 4. Lack of control over commission income transfer to the operating account 5. Violatio...

Actually the reason is that there is no method or software currently being used in the market to account for each policy as they are earned. This is about trust account not Tech Assistant. The systems in todays market lack a profound amount of ability to handle direct bill commission or unearned com...

What method is being used to "account" for all this in April? How do you seperate your "earned commission" from your retained earnings to show each policy written is solvent? Our firm keep $250,000 of personal funds in our trust account to compensate bad checks and other unexpect...

TA (Trust Account) Solvency Management service is similar to the payroll ADP service. Insurance agencies close premium sales, the TA service provider manages premiums until they are fully received and disbursed. TA service is fully automated and delivered by certified professionals. Its benefits to ...

If an agency keeps too much money in their trust account they are violating tax code. If they keep too little in the trust account they violate insurance code. How does anyone know how much money and profit they have in their trust account? How do you know how much to move from trust account to oper...

I experienced the same as you with this company and even if they paid me double the commission I wouldn't go back. I was approached by them this year after the sale and I just couldn't see any changes whatsoever. It's not worth the "convenience" if any. You pay in the long run. BTIS is jus...

Does anyone have any ideas about what going rates are for producers these days? I have been paying 40% for agency bill and 35% renewal. I finally have a rea l system to manage all my direct bill commission for my producers, which has made everyone quite happy. I'm also able to manage each ones produ...

I found this company here called www.paulmargroup.com and they have this service where you can outsource all of your production and they manage all of it for you. It's sounds crazy but it's absolutely amazing. I had to go through some training on financial management but it was definitely worth it! ...