- 657
I'm sure it depends on the companies involved. I've not had that probelm with any of the companies I have done business with, but I have heard of some over the years that have done that.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
For LTCi, they cannot. I have not seen one example of it in my 17 years in the LTC business.
The only example I can give you was a few years ago there was a situation where a policyholder disliked her present agent. He gave her bad advice on a number of issues and she called the company to have a new agent assigned.
I was asked if I'd like to be her new agent? I said 'yes'. I became her new agent, but her original agent of record continued to receive renewals.
I only asked to be her new agent for the possibility of future referrals.
So, here's an agent that "lost" his policyholder, yet still continues to receive renewals.
Can you give me one example where a LTC agent had his policyholder "reassigned" for any reason and lost his/her renewals?
I'm sure it depends on the companies involved. I've not had that probelm with any of the companies I have done business with, but I have heard of some over the years that have done that.
Oh crap, Arthur, I see the problem, here. I'm reporting from TX, you are in NY. I used to live in NY. That state is for real, real regulations, laws mean things, there. See, in TX, it's not that strict at all, the wild west, insurance laws are not the same here. It's a little more "fast and loose" here. The
insurance department will still hand out fines and stuff, here, but it's a different world in TX as compared with NY. The insurance department here is to be respected, in NY it is to be feared.
I do not want to run down the insurance department of TX, but NY is wayyyyy more strict.