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NEW MEMBER BENEFIT: Beating the High Cost of Licensing - PIA Member-Only 15% Discount

Based on studies conducted by PIA and other industry organizations, multi-state insurance agencies on average dedicate a substantial portion of the time of one full...
February 14, 2006

Based on studies conducted by PIA and other industry organizations, multi-state insurance agencies on average dedicate a substantial portion of the time of one full time employee to maintain state insurance department licensing requirements for the agency and its licensed producers.

Other industry studies show that the annual revenue per employee of a successful and well managed agency generating $500,000 to $1,250,000 in revenues is approximately $100,000. As a result, some portion of that revenue is lost due to the labor intensity involved in one full time employee (or the equivalent spread among several individuals) maintaining licensing requirements for the agency.

Helping PIA members reduce these costs is the reason PIA has worked to develop a relationship with Sircon Services, the industry's leading provider of on-line licensing related services. Through the use of Sircon Services online licensing solutions, an agency can reduce the labor intensity of manual paper license processing by as much as 70% (depending on agency size and multi-state operations.)  Through the use of Sircon solutions, the time saved by an agency and its licensed producers results in not only reduced expense, but also a reduction in the cost of opportunity lost due to the time consuming activities associated with licensing. Either way, more dollars flow to the agency's bottom-line.

Using Sircon you can meet your licensing and renewal needs both quickly and easily on the web. PIA members receive an exclusive PIA member-only 15% discount. Based on state specific availability, you are able to electronically:

  • Apply for resident and non-resident licenses
  • Request license renewals
  • Check your own licensing status with a state DOI
  • Change your name or address,
  • Much more.

To receive the exclusive PIA member-only 15% discount you mustaccess Sircon Services through the PIA Plus section of the PIA Main Street Store on this website.

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