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The process can still cost you if you have to hire an attorney.
Ok ok xrac were talking about $650 bucks what is that like 2 policies?
Just tell the OP to go and do the right thing for HIS customers.
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The process can still cost you if you have to hire an attorney.
Ok ok xrac were talking about $650 bucks what is that like 2 policies?
Just tell the OP to go and do the right thing for HIS customers.
$650 ain't the lawsuits I have been involved with. The last one was $10,000+ in attorney fees.
And this was because you went and rewrote your customers a better policy?
In Texas a case like this would be laughed off the docket. We're a right to work state you can't stop a man from earning a living.
Now if you sell a business to somebody for millions of dollars, dang right you have a non compete that will be enforced.
You could get away with rolling a few policies here and there, BUT if you go replacing everything you wrote systematically they will enforce the Non Solicit you signed. They will likely just want to run up your legal fees to bleed you out, then drop the case. They have much deeper pockets than you...
You have non-compete and non-solicit confused. They can't stop you from being an insurance agent without some kind of compensation. But they can definitely go after you for taking away customers they paid you to acquire for them.
I'd use my commission statement as a guide. As soon as a policy lapsed per my comp statement I'd go rewrite them with another carrier.
Ok so you believe they are the insurance companies customers.
I believe they are my customers that I placed with the insurance company. I have a legal duty and responsibility to my customers to put them in the best position I know of at the time.
Back the OP Bankers wants him to pay them back the commision they paid him. So by what your saying he should pay Bankers and then he will be free to do what he wants....right?
axeman462 said:But then, it occured to me, wouldn't my renewals from the company just pay for it?