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ANNUAL STATEMENT for an INSURANCE PREMIUM FINANCE Nd  Form

ANNUAL STATEMENT for an INSURANCE PREMIUM FINANCE Nd Form

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[Music] hi my name is mitchell smith managing partner of universal insurance services and universal partners today we're going to discuss how to start an insurance premium financing company premium financing companies are extremely complicated and have been very popular over the last decade popular doesn't always mean good in the last decade we've seen many premium financing companies go out of business do things that weren't quite legal you have to be very careful when you're doing insurance premium financing i would explore the landscape extremely diligently i would talk to insurance companies see what they accept most insurance companies will not take premium financing any longer and if they do the due diligence process is very have to build capital create marketing create staff create actuarial programs go visit with each insurance company to get your product approved again not easy can be very profitable but my suggestion is always to outsource and find a good partner thanks for w

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