FAQ

Licensing

1. Do I need to be licensed in order to receive referral fees?
2. How do I get licensed?
3. How often do I need to renew my license and what is required to do so?
4. How do I study for the insurance exam?
5. In which states do I need to be licensed?
6. If I wanted a Non-Resident license, how would I obtain one?
7. Do I need to be licensed in other states to earn referral fees in those states?
8. How does I-insureme verify that I am licensed?
9. What states are you licensed to write business in?
10. Do I need E&O coverage?

Insurance

11. Who is Dickinson Agency?
12. What types of insurance do you write?
13. Are your insurance rates competitive?
14. Which insurance carriers do you represent?
15. How can I ensure that my insurance rates remain low?
16. What happens if my insurance rates go up?
17. Who handles the quotes, paperwork, claims and customer service?
18. How long has I-insureme been offering Property and Casualty insurance?
19. How do I file a claim?
20. Do my referrals need to join I-insureme in order to receive a quote?



1.  Do I need to be licensed in order to receive referral fees?

You must be appropriately licensed to receive referral fees for any insurance products sold. For example, to earn referral fees on home, auto or business insurance, you must have a Property and Casualty license. If you sell life or health insurance, you must have a Life or Health insurance license, respectively.

PLEASE NOTE: You may refer insurance business prior to being licensed. Although you cannot earn insurance referral fees without a license, any clients you refer will be linked to you. When you do get licensed, you will begin earning referral fees on all new clients and any previously referred clients (as their policies renew). Referring insurance business prior to being licensed also qualifies you for future agency overrides and bonuses, both of which grow whether you are licensed or not.

This sets us apart from most income opportunities, as it will filter out those who are not serious about creating a solid financial future. A person who takes the time to get licensed is much more likely to work harder, remain active in the business, and do whatever is required to build a long-term residual income. [ back to top]

2.  How do I get licensed?

Each state has specific requirements to get licensed which may include some or all of the following:

a. Online or classroom courses
b. Fingerprinting
c. Passing a state exam (70-75% or better)

Locate your state Department of Insurance online or contact them directly to determine your state's specific requirements. [ back to top]

3.  How often do I need to renew my license and what is required to do so?

Each state varies with renewal times and requirements. Usually, your license is good for 2-4 years. When you renew, it is common for a state to require a certain number of Continuing Education (CE) hours. [ back to top]

4.  How do I study for the insurance exam?

There are numerous sources online that can help you prepare for the course. We encourage everyone to schedule the exam 1-2 weeks out FIRST and then begin studying. This will help to keep you focused on getting licensed.

I-insureme has teamed up with www.ExamFX.com to offer the best online study course. [ back to top]

5.  In which states do I need to be licensed?

For most insurance companies, you must be licensed in the states in which you write business. For example, if you write a policy on yourself, you need to be licensed in your state. If you have friends or family in another state that would like insurance and are not interested in getting licensed to insure themselves, you would need a Non-Resident license in that state. There are no additional exams required for Non-Resident licenses. It is usually a simple matter of paying a fee.

With the I-insureme model, all policies are written through our agency. Because we are licensed in most states, you are able to write policies in any state in which we currently hold a license. In other words, you do not need a Non-Resident license to write policies outside of your resident state. You must, however, be licensed in your resident state to earn referral fees within our agency. [ back to top]

6.  If I wanted a Non-Resident license, how would I obtain one?

Visit www.nipr.com and click on Producer/Agent under the Licensing & Renewal Applications tab. Then, click on Non-Resident under the Apply for a New License tab. [ back to top]

7.  Do I need to be licensed in other states to earn referral fees in those states?

Most states have passed the Producer Licensing Model Act (PLMA), or a version of the original Act. This allows for agents to receive referral fees on business without obtaining a Non-Resident license as long as the agent is not directly involved in the sale, solicitation or negotiation of the insurance contract.

That being said, our model pays referral fees to agents that refer business to us (not commissions directly from the carriers). We sell and service all accounts and are licensed in all states in which we write business and then pay out a referral fee. Therefore, a non-resident license is not required. [ back to top]

8.  How does I-insureme verify that I am licensed?

Once you enroll as a Representative with I-insureme, you will be assigned a Personal Sales Assistant with our partner, Dickinson Agency. They will send you any necessary paperwork to fill out and request a copy of your license at that time. [ back to top]

9.  What states are you licensed to write business in?

Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Minnesota, Missouri, Montana, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming  [ back to top]

10.  Do I need E&O coverage?

Because all policies are written under the umbrella of our agency, you do not need your own E&O coverage. This more than offsets the cost of your membership with I-insureme, as this coverage is approximately $1,500 per year.[ back to top]

11.  Who is Dickinson Agency?

Dickinson Agency is the company that I-insureme has partnered with to handle quotes, paperwork, claims and customer service. James Dickinson started Dickinson Insurance on July 9th, 1984. His son, JD Dickinson, purchased the agency in 2,000. In 2011, JD partnered with Daniel Graisy to mutually run Dickinson Insurance. Click Here to visit their website. [ back to top]

12.  What types of insurance do you write?

Personal: Auto, Home, Renter's, Dwelling Fire (rental properties), Watercraft, Umbrella, Motorcycle, ATV, Personal Article Floaters, Motorhomes, Antique Cars, Manufactured Homes, Condos, Snowmobiles, etc.

Business: Builder's Risk, Business Auto, General Liability, Commercial Property, Bonds, Contractor's Liability, Commercial Umbrella, Worker's Compensation, etc.

Specialty: Construction Liability, Bars/Restaurants/Taverns, Employee Benefits, Public Entities, etc. [ back to top]

13.  Are your insurance rates competitive?

As an independent broker, we represent dozens of insurance carriers. This gives us a tremendous advantage over most insurance companies, as we can meet or beat the cost of your current coverage the majority of the time.

If you find that we cannot beat your price, we will look into adding your insurance company to our portfolio. This is not always possible, as not all insurance carriers allow for independent brokers to represent their company. However, because the concept at I-insureme also allows you to earn a referral fee on your own policy, you still have the potential to pay a net lower cost. [ back to top]

14.  Which insurance carriers do you represent?

For a complete list of carriers, please Click Here.[ back to top]

15.  How can I ensure that my insurance rates remain low?

It is no secret that insurance companies try to attract safe drivers who avoid filing claims. This allows them to keep their rates down and still remain profitable.

There are four things that you can personally do to keep your rates as low as possible:

a. Be a safe and defensive driver
b. Avoid filing unnecessary claims
c. Increase your deductibles
d. Avoid unnecessary coverage (we can discuss this with you on the phone)

Once we have thousands of safe drivers with a lower claim per insured than the industry standard, insurance companies will approach us with even better rates than we currently have. [ back to top]

16.  What happens if my insurance rates go up?

We can provide another quote from any of our other carriers, making sure you always have the best price. This also allows you to continue to earn a commission on your policy. [ back to top]

17.  Who handles the quotes, paperwork, claims and customer service?

One of the greatest benefits of teaming up with I-insureme is that we handle all of the quotes, paperwork, claims and the majority of customer service.

You may have a friend or family member who is covered through you and is not in the business. In other words, you are their agent. They will likely call you first with any questions they may have or if a claim needs to be filed. Your back office will provide you with client information, including your client's insurance company and a 24-hour customer service number for claims. Whether you are an experienced agent or brand new to the business, you simply provide them with the phone number of the carrier. We are financially motivated to keep your customers "on the books", so we will do everything to make sure they have a great experience. [ back to top]

18.  How long has I-insureme been offering Property and Casualty insurance?

The owners of I-insureme have been licensed since 2001. I-insureme has also teamed up with a national independent insurance agency, Dickinson Agency, that has been in business since 1980. With thousands of clients, we know what it means to offer great customer service. [ back to top]

19.  How do I file a claim?

As an independent broker, we represent dozens of insurance carriers. You will contact the insurance company directly that insures you. If you lose the contact information, please feel free to call Dickinson Agency. [ back to top]

20.  Do my referrals need to join I-insureme in order to receive a quote?

Absolutely not. The setup fee to join I-insureme only applies to those interested in building a P&C business.

If a person simply wants a quote, they can fill out the information at the website of the agent who referred them. There is no cost to receive a quote. [ back to top]

21.  Can I join before getting licensed?

Absolutely. In fact, we encourage you to do the following in order:

a. Join I-insureme and begin building your agency by placing ads, passing out business cards, pointing people to your site, and plugging into our turn-key marketing solutions.
b. After you have joined I-insureme, immediately review your personal insurance to see if you can get better coverage, better pricing or both through one of our carriers. You will begin to earn referral fees on your own policy as soon as you get licensed.
c. Begin studying to get licensed. We have a relationship with ExamFX to get you discounted study materials.

You will find that joining, beginning to build your agency and getting the best coverage for the best price will take very little time. After you have set that up, focus 100% on getting licensed within your first 90 days. [ back to top]

22.  What are the ranks in the company?

Rank 1 - Affiliate:  Affiliates earn commissions and overrides on IIM System subscriptions.

Rank 2 - Jr. Representative:  Jr. Representatives may begin referring insurance clients prior to getting licensed.  A Jr. Representative can earn insurance referral fees on any business he/she submitted within his/her first 90 days if he/she obtains a P&C license and becomes a Sr. Representative within that time frame.  If a Jr. Representative does not obtain a P&C license and/or does not become a Sr. Representative within 90 days of enrolling, any insurance business that the Jr. Representative has referred is still linked to him/her.  Once licensed, a Jr. Representative who becomes a Sr. Representative will earn Insurance Referral Fees on any new business and on any policies previously submitted when they renew.

Rank 3 - Sr. Representative:  Like Jr. Representatives, Sr. Representatives may begin referring insurance prior to getting licensed.  The same 90-day retroactive payout applicable to Jr. Representatives applies to Sr. Representatives  Likewise, all business a Sr. Representative refers prior to getting licensed is linked to him/her.  Once licensed, a Sr. Representative will earn Insurance Referral Fees on any new business and on any policies previously submitted when they renew.

Rank 4 - Jr. Representative Affiliate:  Jr. Representative Affiliates may participate and earn income as both a Jr. Representative and an Affiliate.

Rank 5 - Sr. Representative Affiliate:  Sr. Representative Affiliates my participate and earn income as both a Sr. Representative and an Affiliate.  [ back to top]

23.  How much do I earn from Insurance Referral Fees?

Active Ranks 3 and 5 (Sr. Representatives) with a P&C license earn insurance referral fees as follows:

Personal Lines - an average of 6% of the annualized premiums
Commercial Lines - an average of 4.5% of annualized premiums

These referral fees may be paid directly from Dickinson Agency or I-insureme. We pay the same on both new and renewed business.

Dickinson pays Licensed Representatives for all P&C referrals via direct deposit monthly on or around the 28th. [ back to top]

24.  How much do I earn from IIM System Commissions?

Active Ranks 1, 4, and 5 (Affiliates) earn $20 monthly commissions from Jr. Representative subscriptions and $100 monthly commissions from Sr. Representative subscriptions to the I-insureme Turn-key Agency System (IIM System).

In connection with our Pay-It-Forward marketing strategy, 50% of IIM System commissions are paid to the sponsor and 50% are paid to the Affiliate directly under whom the Representative is placed. For example, an Affiliate may sponsor a Sr. Representative and place that person directly under him/herself. The Affiliate would earn $50 per month as the sponsor and $50 per month because that Sr. Representative is placed directly under him/her, paying a total of $100 per month to the Affiliate.

An Affiliate may also choose to place that Sr. Representative under another Affiliate in his/her organization. In this case, the sponsoring Affiliate will earn $50 per month and the Affiliate under whom the Sr. Representative is placed will also earn $50 per month.

IIM System Commissions are paid monthly on or around the 15th of each month.

No license is required to earn IIM System Commissions. [ back to top]

25.  How much do I earn from IIM System Overrides?

Active Ranks 4 and 5 (Representative-Affiliates) can earn IIM System overrides from as follows:

Level 2:  $1 per month for each Jr. Rep. and $5 per month for each Sr. Rep.
Level 3:  $2 per month for each Jr. Rep. and $10 per month for each Sr. Rep.
Level 4:  $3 per month for each Jr. Rep. and $30 per month for each Sr. Rep.

Qualifications for these overrides are as follows:

Level 2:  $2,500 in PAV or $25,000 in GAV
Level 3:  $5,000 in PAV or $50,000 in GAV
Level 4:  $10,000 in PAV or $100,000 in GAV

Because qualifications are based on insurance production, a P&C license is required to earn IIM System overrides.

IIM System overrides are based on Sponsorship and are paid monthly on or around the 15th of the month. [ back to top]

26.  What is the difference between Referral Fees and a Commissions?

At I-insureme, we differentiate between Referral Fees and Commissions based on the level of activity involved in the sale of insurance.

A person who provides the quotes, fills out the paperwork, and any other activity related to the sale of insurance receives Commissions.

Because I-insureme Representatives are only involved in the submission of a referral (i.e., name, contact info, etc.), we say that they receive Referral Fees.

It is a common misconception that people who do not have a P&C license can earn Referral Fees and those who do have a P&C license can earn Commissions. This is incorrect.

Although there are some states that allow for a one-time referral fee to be paid to a non-licensed person, the majority of states require a P&C license to receive any form of compensation tied to insurance - especially if that compensation is paid on a residual basis. Because I-insureme is in multiple states and because we pay annual renewals, all of our Representatives are required to have a P&C license to earn Referral Fees.

PLEASE NOTE: A Property & Casualty insurance license IS required to earn Insurance Referral Fees. [ back to top]

27.  Am I required to write my own policy?

The short answer is no; however, we believe you should be a product of the product. It is hard to market a service you do not personally own ("You should really have this even though I don't!") [ back to top]

28.  What is included in the IIM System subscription?

a. Access to dozens of preferred insurance carriers
b. The ability to refer business in all states that we are licensed in without having to pay for Non-Resident licenses or E&O coverage
c. Licensed Producers to handle insurance quotes, paperwork, claims and customer service
d. Earn an average of 6% of annualized premiums on personal lines and 4.5% of annualized premiums on commercial lines for the life of the client
[ back to top]

29.  How do you define a "qualified" referral?

A qualified referral is defined as submitting information on a person who:

a. Currently has insurance
b. Has been with their current insurance company for at least 6 months
c. Has avoided any major moving violations (e.g., DUIs, reckless driving, no insurance etc.) in the last 5 years
d. Is willing to combine policies (home, auto, umbrella)
e. Is willing to switch if we can get them better coverage, better pricing, or both [ back to top]

30.  What are the hours of operation and location of I-insureme?

I-insureme and the ABC are open from 9am to 5pm Arizona time Monday thru Friday. (Please note that Arizona does not change with DST) IIM is located in Mesa, AZ. [ back to top]

31.  What are the hours of operation and location of Dickinson Agency?

Dickinson Agency is open from 8am to 5pm PST Monday thru Friday. It is located in Post Falls, ID. [ back to top]

32.  How do I receive credit for my own insurance purchase and for any customers that I refer to my site?

When a person wants a quote, they are directed to schedule a consultation with our partner agency. They are then asked for the name or Rep ID of the person who referred them. Your name and/or Rep ID allows us to link any referrals submitted to you. [ back to top]

33.  What sets you apart from every other income opportunity?

There are four areas that set us head and shoulders above the rest:

a. Our product is required by law to own
b. 70-80% of the time, a person can get better coverage, better pricing, or both on his/her home/auto/business insurance
c. You can earn a referral fee on your own policy and build a residual income by showing other people how to do the same
d. Our in-house staff of licensed producers will handle the quotes, sales, paperwork, claims and customer service on any insurance clients you refer
e. Our in-house staff of sales and recruiting professionals will help you build your agency[ back to top]

34.  What is the Business Litmus Test Question?

The Business Litmus Test Question helps you to determine if a business offers a viable opportunity based on a true consumer base or if it is a hyped-up opportunity based primarily on recruiting others to generate income.

Recruiting people into a business is not bad as it allows one to leverage his/her time through the efforts of others. However, if the income generated by the business is done exclusively through recruiting, high attrition is certain and the business will likely fail.

If a business can answer "YES" to the following question, then it offers a true opportunity for long-term growth and income:

"Would I, or would anyone, purchase this product or service at its current price, even if there were no business opportunity tied to recruiting involved?"

As you apply that question to the myriad of business opportunities available, you will find that most businesses must truthfully answer "NO".

Now, let's apply it to I-insureme:

Product #1 - Home/Auto Insurance: Is there a group of people who would be interested in getting better coverage, better pricing or both on their home and auto insurance even if there were no business opportunity involved? The answer is YES - there are 200+ million people who pay for home/auto insurance and most are looking for a better deal.

Product #2 - The IIM System: Would people be interested in a "system" to easily monetize home/auto insurance with their family, friends, and/or current clientele base? The answer, again, is YES - there are 60 million people who pay for home/auto insurance and are looking for a way to supplement or replace their current income. There are also over 5 million financial professionals, the majority of which do not have an easy way to monetize home/auto insurance when their clients ask them for help in that area.

However, because we do offer the realistic opportunity to build long-lasting, residual income, most of our representatives are interested in both building an agency and monetizing home and auto insurance. [ back to top]

35.  What is attrition and how does I-insureme avoid it?

Attrition occurs when people quit a business and the income derived from their subscription, membership, or product/service purchase goes away. This usually happens due to these 3 reasons:

a. The price of the product/service is inflated to pay out commissions to multiple people.
b. The business associate is buying the product/service for the sole purpose of generating income (not because he/she is truly interested in the product/service).
c. After a while, the business associate determines that the income he/she is generating is not enough to justify staying active in the business.

Here are 3 reasons why the I-insureme business model is almost completely attrition-proof:

a. A person who takes the time to get licensed is much more likely to work harder, remain active in the business, and do whatever is required to build a long-term residual income.
b. Our representatives are often able to get better coverage, better pricing or both on their insurance.
c. Our representatives earn referral fees on their own policies and can start to build a residual income showing other people how to do the same. We have shown them how to turn a mandatory expense into an ever-increasing residual income. [ back to top]

36.  Is my business willable/transferable/sellable?

Yes. For details, please refer to sections 4.24, 4.27, 4.29, and 4.30 of our Terms.[ back to top]