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rivky Nov 13, 2007 12:59 PM
I'm newly licensed for P&C - i do ny & nj Just wondering if there's any way to do business without laying out the $ for the client - can the client write the check to the MGA for ex? Can someone direct me to some MGA's - standard markets who are easy to work with and will help a rookie.
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bkah4brown Nov 14, 2007 12:36 PM
get E & O before anyone will even want to work with you. Try to get standard markets that use direct bill. Most surplus markets will have a 10 day grace period to get the deposit into them. Use finance companies. bkah4brown
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GCIS Nov 15, 2007 1:33 PM
Excess and Surplus is much easier to find, write, and bind. USUALLY it is fully earned once bound, so financing can be tricky, but there is usually 30 days to pay on agency account current. I hear getting an E&S license is a snap for NY resident agents. Things to consider.....Good Luck
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mpaone Nov 15, 2007 2:02 PM
I'm newly licensed for P&C - i do ny & nj Just wondering if there's any way to do business without laying out the $ for the client - can the client write the check to the MGA for ex? Can someone direct me to some MGA's - standard markets who are easy to work with and will help a rookie.
We are National Risk Services. We are located in Glen Rock NJ and we specialize in a fine niche market within workers compensation. We know all sorts of contacts within the US. Some right here in NJ. Give me a call and I will fill you in with our programs as well as people for you to do business with. Michael Paone, Vice-President of Sales/Marketing NRS CompAudit Services 266 Harristown Road Suite 106 Glen Rock, NJ 07452 800-285-1948 ext. 3008 Fax 201-689-4044 mpaone@compauditusa.com website-www.nationalrisk.com
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WILLIAMSEIDE Nov 16, 2007 1:03 PM
give me a call maybe i can help you 973-616-5300 bill
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biscuit2 Nov 19, 2007 1:03 PM
I'm newly licensed for P&C - i do ny & nj Just wondering if there's any way to do business without laying out the $ for the client - can the client write the check to the MGA for ex? Can someone direct me to some MGA's - standard markets who are easy to work with and will help a rookie.
Never pay the money for the client for any insurance. Client pays up front all premium or you do a finance agreement through a reputable market(check insurors) or the excess markets may have a premium finance agreement to provide for payment. Good luck
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biscuit2 Nov 19, 2007 1:05 PM
I'm newly licensed for P&C - i do ny & nj Just wondering if there's any way to do business without laying out the $ for the client - can the client write the check to the MGA for ex? Can someone direct me to some MGA's - standard markets who are easy to work with and will help a rookie.
Some MGA's will allow payment to them-what excess markets or standard markets are you using now?
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WKwasnik Nov 21, 2007 3:46 PM
I'm newly licensed for P&C - i do ny & nj Just wondering if there's any way to do business without laying out the $ for the client - can the client write the check to the MGA for ex? Can someone direct me to some MGA's - standard markets who are easy to work with and will help a rookie.
Ifyou needhelp, call our agency at 856-489-3444 and speak to Bill.
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Nick Nov 29, 2007 11:27 AM
check out siaa.net if you're thinking of starting you own agency great for startups
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DebinPA Dec 10, 2007 1:22 PM
Hello, we are licensed in PA and NJ. We write with very aggressive admitted and nonadmitted markets most commercial classes, and we are especially strong with habitational and real estate related accounts I think as a general rule, wholesalers are not willing to accept the payment directly from the insured. It can get too messy if there are NSF problems, trying to track down the insured, etc. Good luck to you and please call upon us if you need help placing commercial property and casualty in NJ. Thanks, Deb McCafferty Harmony Special Risk Services 1 877 726 9525 www.harmonyspecialrisk.com

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