Planning Guidance: Start and Operate an Agency-Administered Premium Finance Program

Overview

Agencies arranging financing to insureds through premium finance companies can increase their top and bottom lines by offering an Agency-administered financing plan.

The premium finance industry is largely serviced by Agency-owned finance companies, due in large part to the lower cost of operation and the Agency’s role as the point of sale.

Agencies weighing options for setting up their own finance program will find information on:

  1. Market and Competition
  2. Regulations  & Compliance
  3. Funding the Program
  4. Risk Considerations
  5. Revenue Projections
  6. Planning for Servicing the Operation

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