Where I Pretend To Work

Become an online broker?

I posted a question of principle, the other day about starting a business as an insurance broker online, got shot down in flames based on the fact that I know little about the industry. Those have no time may be right, but before I completely eliminate the idea, someone could please the inacurracies in the assumptions I made about how this might work? – Organize an agreement with an insurance company – Create complete website with system quotation – website Promote via PR and search engines (this is what I'm doing one now) – Sales of politics – I take the commission for the sale and the carrier takes in politics, I imagine this is extremely simplistic, or completely wrong, then I'd be interested to know where my ideas are wrong. Feel free to be as hard as you want, if I seem a bit like a puppet. I am based in the United Kingdom. I am not quite sure of the correct terminology, "carrier" for example.

There is a debate in the press of trade insurance at Current whether comparison websites should be regulated by the Financial Services Authority or not. If you become an agent of an insurance company For example, an officer of Fortis, you will then be regulated by the Financial Services Authority or become a designated representative of a company which is regulated by the FSA – that is certain. The question then becomes: If you are provided access to insurance rating systems and provide estimates based on information then you are a representative of the company, a company officer or something else? I suggest you look http://www.fsa.gov.uk/pages/Doing/Do/index. shtml which provides details about whether you need to be approved by the FSA for your model business and also suggest you contact the FSA and, if you can get any advice from them, they could advise you further. I I can not stop you from becoming a "supplier of online information assurance," but "broker" means advice (unless you say you do are not and do not – which is difficult), it is fair that you should be careful that you obey the rules on insurance regulation. To give an example, I considered providing a service to help customers find a local insurance brokers, however, that the activity could be construed as assisting in the performance of a contract of insurance – and therefore require a separate regulation. As a) Insurance regulated broker (myself, I and many like me would be angry if someone without experience or knowledge of insurance are permitted to sell policies through the Internet without having to obey what I'm sure you've discovered is a vast body of rules via a flaw in the laws.

http://www.ProsQuote.com Auto Insurance Free Quote – Remix!