I dont know if that's the correct terminology, but when your are the beneficiary of a life insurance policy and the person dies, the money you collect. . . is that something you have to pay ...
I am due in February and my doctor told me he delivers at two hospitals and told me which one was the better one. He said I needed to get a quote from this hospital and then get a quote from every ...
ok I see a lot of primerica agents in insurance questions like they know what their talking about here's a question an don't say buy term invest the rest it doesn't make sense every ...
Pls anybody can tell me which is the best insurance company in new york new jersey and connecticut to sell commerical insurance, business policy, workers compensation etc which company do best ...
My husband and I would love to plan for early retirement in a few years - the one obstacle seems to be health insurance. Neither of our employers provide health insurance after leaving the job (no ...
he suffered a head trauma and the insurance company just told us that he did not die of an accident. how do we go about this? are they really suppose to give us a very hard time? any suggestions?...
I wrecked my car a 1996 mazda 626 I owe 4000 on my car and have a new transmission that cost 1000 my damages are 1900 and the value of my car is 2100 can i force my ins. comp to fix my car instead of ...
The company I work for supplies health insurance they pay for mine. I pay $100.00/week for my wife. I just found out from my insurance co. it was canceled Aug. 31 [lack of payment] The company I work ...
Here is my problem... My wife recieved chiropractic care 2 and a half years ago. The doctors had said her insurance covered her in full. Now, they are claiming we owe them over $4900 for the care she ...
I am in the middle of trying to purchase a home all looks like it is going to go threw just fine. I was told to start looking for Home owners insurance, easier said than done as I am finding out...<...
Benefits coordinators initially said that my mother could have no beneficiaries for my Dad's pension that she was to receive; however, she died just weeks after he passed. It seems that there ...
matt c
How hard is it to start your own insurance company?
how much capital do you need or are there companysthat will front the money
You need mega start up capitol. State regulate and license Insurance companies. They also oversee their operations with intensity.
You have to secure a Bond with your state as obligee.
This bond is a guaranty. against failing surplus. The Bond could be a Mill.
You also need proper financing and stock agreements if you either want to be a "stock" company or a "mutual" company.
Mutual companies are invested and owned by the policy holders. Every policy holder can vote on company issues.
As a Stock company ...based on your financial status and securities you issue stock options and people by stock sometimes thru the market or shares are issued amongst the "partners" depending on how much capitol they invested.
I would consult a Attorney specializing in corporate law. And contracts.
That's the best way to go.
curmudgeon
one of the hardest businesses to start.
Reginald S
How about you start a small business in the healthcare industry with us.
rlloydevans
If you are talking about selling insurance policies, it is not that money intesive, it is that it takes a long time to build up your client list until you are making a good wage.
If you are talking about an starting an actual insurance company, you need lots of money (to pay off claims until income reaches a certain level), and have to be approved by legions of government orversight agencies, including each state you will be operating in. It is an incredible undertaking that needs to be done by people who know what they are doing. If you have to ask how to do it, you shouldn't even think about it..
Marcus
probably a million, but I would say much more than that. You have to be ready to pay out a possible $250.000 to each one of the people you are insuring.
My insurance would owe me one million if certain situations where to arise. Imagine having just 500 such clients.
mbrcatz
If you don't know how to start one, and don't have a few spare millions sitting in the bank to hire the fleet of accountants, attorneys, and actuaries, you aren't going to be able to do it.
aaron p
If you don't know the answer, you don't know enough to succeed. Good luck in your research or other business.
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
