Potential of Policy Binding on Agent Websites

The National Association of Professional Insurance Agents (PIA) recently announced it will conduct an “industry discussion session” in January to flesh out the concept of agents offering a level of purchasing capability on their websites.

According to a release about it (link below), there is ongoing discussion within many different circles – agents, companies, vendors, user groups, etc. – about the inability of a consumer to bind a policy on an agent’s website. Currently, many agents have a comparative rater that offers a quote, but should a consumer like the quote, they can’t bind the pol
Source of insurance-forums.net

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