Association Guidelines & Procedures
Associate will be a Licensed Insurance Agent/Agency in good standing with all their affiliated insurance companies and Licensing organizations. Associate Agent/Agency will have a current and valid:
Insurance Agency Network and Associate Agent/Agency will be required to sign a Mutual Non-Disclosure Agreement prior to the exchange of information.
Associate Agent/Agency will submit the following documents to Insurance Agency Network for review and consideration:
IAN will prepare and forward an Income Performa Report to the Associate Agent/Agency for review and consideration. The IAN report provides calculations for the opportunity to improve annual compensation income under IAN Preferred Carrier compensation plans, if applicable, for:
If requested by the Associate Agent/Agency, IAN will forward the IAN Association Agreement for consideration, review and approval by the owners, principals, or officers of the Associate Agent/Agency. The Association Agreement is required to be sent back to IAN for final approval. Final approval will be evidenced by the Association Agreement signed by IAN Administration and returned to Associate Agent/Agency for their records.
IAN will forward the completed Association Agreement to the appropriate Regional or Home Office Staff of the Insurance Company for processing. The annual cut-off date for affiliation of an Associate with IAN vary by carrier. Paperwork must be submitted to IAN prior to the 15th of the month for the increased commission compensation to be effective the 1 st of the following month. Increased compensation payments owed to the Associate Agent/Agency will be made in compliance with the Insurance Company Agreements, addendums, amendments, or endorsements in effect at the time of their Association Agreement with IAN.
- Independent Agency Agreements with affiliated/appointed insurance companies
- Independent Contractor Agent Agreement, if applicable
Insurance Agency Network and Associate Agent/Agency will be required to sign a Mutual Non-Disclosure Agreement prior to the exchange of information.
Associate Agent/Agency will submit the following documents to Insurance Agency Network for review and consideration:
- Completed NDA Agreement
- Completed Agency Profile Form
- Completed Preferred Carrier Form
- Production Reports:
- Summary Agency Production Reports from Insurance Carriers for previous month
- Summary Agency Production Reports for Insurance Carriers for previous year end
IAN will prepare and forward an Income Performa Report to the Associate Agent/Agency for review and consideration. The IAN report provides calculations for the opportunity to improve annual compensation income under IAN Preferred Carrier compensation plans, if applicable, for:
- Personal and Commercial Lines New Business Commissions
- Personal and Commercial Lines Renewal Commissions
- Personal and Commercial Lines Profit Share
If requested by the Associate Agent/Agency, IAN will forward the IAN Association Agreement for consideration, review and approval by the owners, principals, or officers of the Associate Agent/Agency. The Association Agreement is required to be sent back to IAN for final approval. Final approval will be evidenced by the Association Agreement signed by IAN Administration and returned to Associate Agent/Agency for their records.
IAN will forward the completed Association Agreement to the appropriate Regional or Home Office Staff of the Insurance Company for processing. The annual cut-off date for affiliation of an Associate with IAN vary by carrier. Paperwork must be submitted to IAN prior to the 15th of the month for the increased commission compensation to be effective the 1 st of the following month. Increased compensation payments owed to the Associate Agent/Agency will be made in compliance with the Insurance Company Agreements, addendums, amendments, or endorsements in effect at the time of their Association Agreement with IAN.
