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Independent Insurance Agents & Brokers Of America: A nationwide, U.S.-based organization founded in 1896 and consisting of professionals that sell insurance and financial … What You and Your Business Need to Know About Liability Insurance, 3 Common Life Insurance Mistakes You Don't Want to Make. Etsy for Sellers: What Insurance Do You Need?
Join thousands receiving the latest content and insights on the insurance industry. Agents not only assist their clients in choosing an insurance policy but additionally advise on lowering insurance costs and mitigating risk.
The association was founded under the title National Local Association of Fire Insurance Agents, then became the National Association of Insurance Agents in 1913, the Independent Insurance Agents of America in 1975, and finally the Independent Insurance Agents and Brokers of America in 2002. Terms of Use -
Originally founded in 1896 as an association of fire insurance agents, the IIABA has expanded to allow membership to agents from all insurance lines. Saying I Do to Peace of Mind, What Canadians Need to Understand About Their Travel Insurance, The First Steps You Need to Take After Wrecking Your Car, 5 Types of Auto Insurance Coverage It Pays to Understand, What You Need to Know About Motorcycle Insurance, Working for a Ridesharing Service? C
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Furthermore, the IIABA assesses market performance as well as industry buzz and connects agents looking for more information with industry professionals in the know. An independent agent may have one or more principals at a time. The Independent Insurance Agents and Brokers of America (IIABA) members work independently to compare pricing for policies at a variety of insurance companies on behalf of their clients.
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To keep members informed, the IIABA publishes white papers and other articles that feature analysis, resources, and trend forecasts in the service of their members increasing sales. IIABA members work independently to compare pricing for policies at a variety of insurance companies on behalf of their clients. Insuranceopedia Terms:
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The change in name from the National Local Association of Fire Insurance Agents to the National Association of Insurance Agents in 1913 was reflective of the strong clamor to make the association exist and operate as an independent entity. Z, Home | Advertising Info | Write for Us | About | Contact Us, Copyright © 2020 Insuranceopedia Inc. -
Independent insurance agents are those who do not work for a particular insurance company but can instead sell policies from multiple companies. Can an employee sue my business if I have workers comp?
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An insurance agent who represents multiple insurance companies is an example of an independent agent. L
Unlike direct writers, IIABA members are not faithful to a single insurance company’s policies and shop around for the best deal they can find for their clients. S
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An insurance premium is the amount of money an individual or business pays for an insurance policy. An independent agent can sell the insurance or financial products of several carriers and is not captive to just their direct employer's products. The Independent Insurance Agents and Brokers of America (IIABA) is a professional organization of more than 300,000 insurance agents and brokers who operate independently and are not directly employed with insurance companies. Before choosing an agent…
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