Can I Open A Car Insurance Company?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Check with your state insurance commissioner for guidance in establishing a car insurance company.  There will be capital requirements that might stop you from the venture.  You may find that laws are more favorable in another state for establishing an insurance company; however, you still must meet the requirements in the state where you want to operate.
    Answered on May 20, 2014
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