State Farm Interview!

[asg13]

I had a phone interview with State Farm today and it actually went well..I think I interviewed her more then she did me however lol...Thanks to this site, I had many questions..

They sure are good at what they do. RECRUITING!

They were pretty straight forward however. I was told in my area you will generally inherit a 1.7-2 mil book of business and they never start new market agents. However, I am aware the 2 mill book will not go far after taking care of all incurred expenses.(CSR's,Taxes,lease/Loan,insurance and whatever else it takes to run the business)

They actually somewhat have my attention. May be worth a face to face. They are wanting me to proceed with the personality test at my pace in order to move forward.

Now, have any of you guys ever heard of a new agent not having to SIGN THE TICA contract and using a diiferent one?
I mentioned it, but did not go into depth.

I have heard they will split your book after you start the agency, say 6 months down teh road..anyone heard of this?

thanks

 

[xrac]

Proceed very cautiously, understand the contract, read all of the posts on this forum, talk to agents who started within the last 4 years. I think you have to sign the TICA and there is no guarantee that they won't let you go at the end of the first year.

 

[asg13]

Proceed very cautiously, understand the contract, read all of the posts on this forum, talk to agents who started within the last 4 years. I think you have to sign the TICA and there is no guarantee that they won't let you go at the end of the first year.

thanks for the advice...I have been reading constantly! NASFA as well.

I really had put SF or any other captive out of my mind, however they called and i decided to see what they had to say.
Couldnt hurt I guess.
I have a few independtent things rolling out in the near future..guess I have options..Sort of!

 

[Guest]

What is a TICA? (20 characters)

 

[pcbinsurance]

A female native of Costa Rica. Tica.

Also stands for The International Cat Association.

I have no idea what the poster above means though.

I guess it's State Farm specific?

 

[asg13]

Term Independent Contractor Agent

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A female native of Costa Rica. Tica.

Also stands for The International Cat Association.

I have no idea what the poster above means though.

I guess it's State Farm specific?

going to Costa in March..great place!!!

 

[xrac]

Term Independent Contractor Agent

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going to Costa in March..great place!!!

Term means it ain't permanent. At the end of the term they get to decide whether they want to keep you or not. It doesn't matter if you have spent thousands to build their business and are in debt. I think it doesn't make sense to spend thousands for a deal like that.

 

[Josh]

Term means it ain't permanent. At the end of the term they get to decide whether they want to keep you or not. It doesn't matter if you have spent thousands to build their business and are in debt. I think it doesn't make sense to spend thousands for a deal like that.

How much experience do you have working in the P&C field?

 

[wornout]

I am going to tell you that you will never see that book. They will bring in a new TICA and set them up within 2 miles of you so you will share the "retiring" book and then have the same growth quota. Remember you will not be paid the same rate on the book you get. Its all new business, mutual funds and life...do not waste your time and money with the State Farm contract

 

[asg13]

How much experience do you have working in the P&C field?

2.5 yrs commercial and work comp..solid book and good salary..hence the reason im searching everything i can
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I am going to tell you that you will never see that book. They will bring in a new TICA and set them up within 2 miles of you so you will share the "retiring" book and then have the same growth quota. Remember you will not be paid the same rate on the book you get. Its all new business, mutual funds and life...do not waste your time and money with the State Farm contract

Ive read that before lol...definately makes u ? SF..Its like a pyramid scheme..