A former partner with Koresko Financial, Lawrence “Larry” Koresko now serves as the president of INSMAX Insurance Brokerage, Inc., from his headquarters in Philadelphia. Beyond this, Lawrence Koresko retains membership to the National Association of Independent Life Brokerage Agencies (NAILBA), a leading insurance agency organization.
NAILBA created its Agency Successor Networking Group (ASNG) in 2011 to provide leadership and skills training to those transitioning into roles as the principals of their insurance agencies. To enroll in the ASNG, prospective participants must meet at least two of the following requirements:
1. Has served as an agency principal for less than three years.
2. Owns a 25 percent stake in an agency and has at least a verbal promise from the sitting principal that the participant will succeed said principal.
3. Has received written or verbal confirmation of succession to an NAILBA agency and will ascend to principal status within five years.
4. Received a recommendation and commitment from their agency’s current principal that he or she will succeed said principal within the next five years.
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