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Agency Owner - Acquisition
at Farmers Insurance
Tulsa, OK

Agency Owner - Acquisition
at Farmers Insurance
Tulsa, OK

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Description

AGENCY ACQUISITION PROGRAM

The Agency Acquisition program provides financial incentives to capitalized external candidates who purchase service and commission rights from existing Farmers agency owners.

The Process

Assets

• Minimum of $50,000 in seasoned investable assets in addition to the cost of acquisition

Background Check
• Satisfactory results of background check

Licensing and Training

• Property, Casualty, Life and Health licenses prior to agent appointment• Training program through the University of Farmers

Branded Office Location

• Office location at time of full-time appointment
• Fully equipped and compliant with Farmers brand standards within 120 days of full-time appointment

Agency Staff

• Minimum of one licensed and appointed agency staff member

The Benefits

Economic Interest

• Contract Value according to the terms of the appointment agreementSale of Service and Commission Rights
• Opportunity to sell service and commission rights


Office Start-Up Bonus*

• $10,000 bonus for the establishment of branded office location within a specified time period after full-time appointment

Monthly New Business Premium Bonus*

• Bonus opportunity based on applicable monthly new business Agent Eligible Premium for up to three years• Monthly bonus paid on Life and Commercial premiums subject to specified maximum amounts

*Only applicable to agency acquisitions involving less than 1,000 P&C policies in force

PM19


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