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langlangp61
Wysłany: Pią 14:17, 06 Maj 2011
Temat postu: Interview with Jeffrey Wells, a elderly warranty
frey Wells has been retired from the insurance industry for about one year. He retired to cost time with his wife and grandchildren. Jeffrey was an insurance broker for 25 years. I had period to sit with Jeffrey and ask him a few questions about his career. ,
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Question: You were in the assurance manufacture because 25 years. How did you obtain began?
Jeffrey: I didn't really set out to become an insurance broker. I worked a few sales jobs here and there. I judged I wanted to aid people preferably than just sell them someone they are going to use once and then toss in the turn.
Question: What type of insurance did you sell?
Jeffrey: I sold always different types. My specialty was automotive but also property and casualty.
Question: You were an insurance broker. What's the difference between an agent and a broker?
Jeffrey: Well,
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, both must pass an exam to sell insurance. A broker will look by assorted insurance companies to attempt to get the best rate feasible for the consumer. When the plan is written, the fee is written into the bonus. So the insurance company pays the broker. An agent has to pass the same examination. An agent could have contracts with several insurance companies and write business for any of them. The distinction is that the agent actually represents the company. A broker represents the tangible person.
Question: So,
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, you were authorized in Ontario?
Jeffrey: Yes. Each province and state has their own rules for appropriate a licensed insurance agent. You have to complete 24 hours of study in Ontario. You must be fingerprinted and you have to pass an exam that is specific to the area of insurance that you want to work in. After you pass the exam, then you take your fingerprints and you go apply for your license.
Question: This is the procedure now or from 25 years ago?
Jeffrey: That namely the procedure immediately. I kas long asbecause my son just went through the process about a month antecedent.
Question: That's nice that your son wants to proceed the home commerce. What are some districts namely an insured ought keep in idea when seeing for a reputable insurance agent?
Jeffrey: You can select an agent that exclusively writes business for one insurance company. You can select an agent that writes for multiple companies. Those are called "non-exclusive" agents. You likewise have your alternative between small,
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, family escape brokers alternatively colossal brokerage firms. As with anything, a small business might be a little higher amounted merely you should get more private care than paying less and going with a big company.
Question: If a purchaser ambitions apt go with an preferential proxy for they feel safer with 1 huge label insurance enterprise,
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, what counsel can you give them?
Jeffrey: Get anything in book. Make sure you research that company as best as you can ahead you adjoin them. And don't sign anything unless you have read it and have had all your questions responded.
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