Sorry to bump an old thread but I wanted to check in with folks. Bunch of my old coworkers quit Bankers right before or after I did and have started getting these same letters.
Same procedure, right? Which is to say, get the comp statement; if the chargebacks are lapses and cancellations then try to work with them but if they're from people rewriting your business, tell them to pound sand?
None of these folks are selling insurance anymore so I don't think they care about being vectored.
It doesn't mean they can't be put into collections. We have agents get out of the business and think they aren't going to get dinged for the chargebacks and could care less about Vector. But then reality sets in when we send them to collections and they get hounded everyday to pay it.