I am in the south. I have been at this 13 months. I am good. I write on average 13k per month.
My IMO takes almost all my renewals and they claim to have profit sharing instead. My profit sharing last year was around $500. I should have had around $10 in renewals. This is just plain stupid.
A couple of questions I have........
1. I write for Columbian, five star, Kemper, Settlers, Trinity, NGL, and Forestors. Most of these companies I have been advanced commissions. Do I need to pay the advances back to the companies before I am allowed to leave me IMO?
2. According to my contract I can not write for anyone I currently write with for a solid year. This means I need to find new carriers. Is this a normal industry thing?
3. What can I do or offer to my current IMO to entice him to release me and allow me to continue to write with current carriers?
I would appreciate any and all input here. I have never posted before. More of a lurker here, but learned a lot.
My IMO takes almost all my renewals and they claim to have profit sharing instead. My profit sharing last year was around $500. I should have had around $10 in renewals. This is just plain stupid.
A couple of questions I have........
1. I write for Columbian, five star, Kemper, Settlers, Trinity, NGL, and Forestors. Most of these companies I have been advanced commissions. Do I need to pay the advances back to the companies before I am allowed to leave me IMO?
2. According to my contract I can not write for anyone I currently write with for a solid year. This means I need to find new carriers. Is this a normal industry thing?
3. What can I do or offer to my current IMO to entice him to release me and allow me to continue to write with current carriers?
I would appreciate any and all input here. I have never posted before. More of a lurker here, but learned a lot.