When a insurance agent of State Farm has the agency in his name . . . who actually owns the agency?
State Farm has captive agents who have agencies in their names, along with the name of State Farm. For Example, John Jones Agent, State Farm & address. However, neither John Jones nor State Farm appear in the corporate records of the Secretary of State, nor does either name appear in the Tax Records of the County?
State Farm in Katrina claims . . . is telling the Courts that the named agents are actually the individuals who own these agencies . . . but these individuals do not show up in any public records . . . as the owners of the agencies or of anything else.
Who actually owns the agencies which State Farm’s captive agents operate out of? How can we prove who owes these agencies . . . since State Farm is not telling even the Courts the truth?
Help needed from Katrina victims of State Farm.
The agent owns the agency but the insurance is provided by State Farm. As such as long as the agent properly passes on the premiums to State farm he has no liability. It all rests with State Farm.
Recommended Reading
- Farm Insurance Agents Providing Financial Security
- State Farm Insurance – Michelle Cooper CFP – (905)826-4900
- Successful Farm Insurance Agents Understand That Knowing Their Clients Is The Key
- Farm Insurance Agents in the News
- Business Strategic Development For Farm Insurance Agents
The agent owns the agency but the insurance is provided by State Farm. As such as long as the agent properly passes on the premiums to State farm he has no liability. It all rests with State Farm.
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My sister owns an agency in Florida. She sells and services policies for (____), the main company does the payouts, not my sister. She only services the accounts, takes payments and sells coverage. I assume its the same for State Farm.
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the agent owns his own agency, but the insurance is underwritten by state farm.
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