I wanted to know if there is any legal action I can take vs. another agent for fixed insurance business?
I used to work for a captive agency and was working with another agent on a case. We agreed that we would split the business 50/50 if I did the leg work (his referral and contact). I designed the case and sold it. It resulted in a sizable life insurance sales as well as a SPIA sale. The day of the sale, the other agent went to client and had signed the papers without putting me down for 50% because he knew I was leaving to go independent and thought he could cut me out. I have all illustrations, emails, notes of work I did for the client as well as communications between the other agent as well as the client.
I used to work for a captive agency and was working with another agent on a case. We agreed that we would split the business 50/50 if I did the leg work (his referral and contact). I designed the case and sold it. It resulted in a sizable life insurance sales as well as a SPIA sale. The day of the sale, the other agent went to client and had signed the papers without putting me down for 50% because he knew I was leaving to go independent and thought he could cut me out. I have all illustrations, emails, notes of work I did for the client as well as communications between the other agent as well as the client.