Insurance Company Rules or Laws

[SmilingAgent]

How or where would I find out the laws or rules for the agents and insurance companies as far as a company cutting an agent off, and how renewals work and a company telling your insureds that you are no longer in business when you are. Also if agent finds insureds assigned to other agents without AOR signed, and neither insured or other agent know anything about it.

 

[moonlightandmargaritas]

Sounds like quite a pickle you find yourself in!

 

[agentinsouth]

How or where would I find out the laws or rules for the agents and insurance companies as far as a company cutting an agent off, and how renewals work and a company telling your insureds that you are no longer in business when you are. Also if agent finds insureds assigned to other agents without AOR signed, and neither insured or other agent know anything about it.

So I wonder if I know what carrier you are talking about..... What state are you in?

 

[Norwayguy]

How or where would I find out the laws or rules for the agents and insurance companies as far as a company cutting an agent off, and how renewals work and a company telling your insureds that you are no longer in business when you are. Also if agent finds insureds assigned to other agents without AOR signed, and neither insured or other agent know anything about it.

Well if it is a captive carrier they own the client relationship and can reassign orphans.

 

[SmilingAgent]

I am in Texas, and I am a Independent Agent

 

[nyc2phi]

How or where would I find out the laws or rules for the agents and insurance companies as far as a company cutting an agent off, and how renewals work and a company telling your insureds that you are no longer in business when you are. Also if agent finds insureds assigned to other agents without AOR signed, and neither insured or other agent know anything about it.

I would assume this would be in your contract that you signed

 

[agentinsouth]

I am in Texas, and I am a Independent Agent

Sounds odd.... What did the territory rep say?

 

[xrac]

Get your contract out and read it. Most companies can do about anything they want for cause.

 

[Heather]

Are you a member of any trade groups like The Big "I" - if so I would call and ask for assistance from the legal department they can put you in touch with an attorney that has knowledge of insurance practices.