Frequently Asked Questions (FAQs) About “Own Your Own” Premium Finance

• Over time Automated Installment Systems, Inc. (AIS) answers numerous questions related to “Own Your Own”® premium finance. Often the same questions are received over and over again. Considering that, we have created this Frequently Asked Questions (FAQs) section. The links below are very short summaries of the questions we've answered. Clicking through will bring you to the entire question as well as the answer. If you have another/other questions, please contact us: email or telephone: 314-576-0007 (local); 800-624-6308 (toll free).


• What does it take to make a premium finance company a sound and safe investment?
• Will I have to add staff to handle my premium finance company?
• Are premium finance companies subject to examinations by state regulatory authorities?
• How much do I need to finance to make a profit?
• How long will it take for my premium finance company to make a profit?
• How much do I need to fund the loans if I finance $100,000 a month?
• What are the risks of owning a premium finance company?
• Do I have to invest money every month to cover the premiums I finance?
• May I choose my own bank?
• Does AIS lend money to clients to support their lending activities?
• Can I loan money to my premium finance company and draw interest each month?
• Can I withdraw profits from my finance company?
• Are my finance company funds deposited in an AIS account?
• How can I tell how much is on deposit at my bank?
• Who determines the finance charges my company will make?
• Can I finance for any insurance company I want to?
• How do borrowers get billed?
• If payment is not received, when is the insurance cancelled?
• Do I need to add E&O insurance to the cost of operations?
• How can I be sure AIS won’t mishandle my money?
• Does AIS do direct premium financing?
• Can you provide me with client references?
• How long has AIS been in business?
• Does AIS sell premium finance software?
• What states do you do business in?

Questions? Contact us: email or phone: (local) 314-576-0007; (toll free) 800-624-6308