TNCI, Agent Alliance Roll Out Equity Plan to Agent Community

The program is open to existing TNCI agents, who need to sign a concurrence memo to take advantage of the terms that the Agent Alliance has negotiated with TNCI. Existing billings count toward meeting the threshold for participation, and Twomey said many of TNCI’s 175 agents already would qualify.

Prospective agents can become part of the program in two ways. They can contract with TNCI directly and sign the concurrence memo. Or, they can align under one of the Agent Alliance members. The latter arrangement is akin to being a subagent, but the support structure for the agent extends beyond the Agent Alliance member to include the Agent Alliance and TNCI, said Power.

Subagents of Agent Alliance members also may participate in the agent equity plan by signing an addendum to their contract.

Information on the program is available at www.agentequityplan.com. TNCI and the Agent Alliance also will sponsor a series of informational webinars with dates to be announced.

Power said the Agent Alliance hopes the partnership with TNCI is a springboard for similar programs with other providers and that it will change the dynamics of the relationship between carriers and agents.