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How NAILBA Defines A Brokerage Agency

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How NAILBA Defines A Brokerage Agency

For the purpose of its regular membership level, the National Association of Independent Life Brokerage Agencies defines an independent brokerage agency as an agency that maintains a direct reporting brokerage general agent relationship with at least three brokerage life companies and must write at least 12 new cases with each carrier every year.

Furthermore, the agency must not be owned or controlled by any insurance carrier, its subsidiaries, affiliates, or employees. Also, the production for the agency must be primarily from producers who are not directly controlled by the agency.

–Barry Higgins

Reproduced from National Underwriter Edition, April 14, 2003. Copyright 2003 by The National Underwriter Company in the serial publication. All rights reserved. Copyright in this article as an independent work may be held by the author.