[LTPC-discussions] Excerpts from Insurance Digest about agent liability
Ben Polis
ltpc-disc@ltpcalums.com
Thu, 3 Jul 2003 11:44:40 -0400
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Bob, both your points today are welltaken. Misrepresentation could be a =
double-edged sword. However, not withstanding the contractual language, =
was it then legal, ethical, etc. (and I don't want to argue law or =
contracts here) for LTPC to prevent you or anybody else from making =
money for 60 days because we had to be truthful with our clients and let =
them know that we would not be able to provide them further service, =
etc.? We weren't allowed to go out and get licensed (according to our =
contract) with other carriers. In fact, I contacted John Hancock the =
Monday of the official announcement, not even one of our carriers, to =
talk about getting reappointed with them (I had them as a carrier prior =
to coming with LTPC), and was told by JH that LTPC had sent them a memo =
(maybe email) to refer all inquiries back to FMO Robert Foreman, not =
LTPC, but Robert Foreman. I felt that was a little strange and wrong =
and somebody was prepared. All I wanted to do was to have the paperwork =
in place to begin JH on June 21, 2003. I was trying to get all my ducks =
in a row, legally, but was thwarted.
Just because there is a contract, if there are unfair labor practices =
involved, it is wrong. No touchy, feely stuff. Realizing all the =
potential problems, LTPC should have immediately given each and every =
one of us the option of getting out of our contracts to pursue our =
livelihood and put everything in motion so we would have a smooth =
transition with our current carriers with new writing numbers. An =
upstanding company that cared about its employees would have done just =
that. No, the company didn't have to that, but I can't defend it for =
not doing that. I just wish I had the information, or at least the =
close contact with the home office, like our top agents did who suddenly =
left what we were told was a viable LTPC and set up brokerages.
Since this being monitored, there is another bit of information that =
might pertain to conflict of interest, that will not be revealed at this =
time. Call me and I'll talk with you about it.
No sour grapes, no conspiracy theory, but some things just don't add up. =
I just want the answers and I will accept whatever the outcome.
----- Original Message -----=20
From: Bob Hadidian=20
To: ltpc-disc@ltpcalums.com=20
Sent: Thursday, July 03, 2003 11:02 AM
Subject: Re: [LTPC-discussions] Excerpts from Insurance Digest about =
agent liability
BINGO!
I did one presentation, realized I couldn't go down the road I =
normally went in the presentation. I wrote the business because the =
situation warranted it.
From then on I concentrated on delivering as much business as I could =
and finding a new home.
Bob
----- Original Message -----=20
From: Flowerssusan@aol.com=20
To: ltpc-disc@ltpcalums.com=20
Sent: Thursday, July 03, 2003 7:38 AM
Subject: Re: [LTPC-discussions] Excerpts from Insurance Digest about =
agent liability
All of this is exactly the reason why I immediately stopped writing =
business for LTPC upon hearing that they were going under. I could not, =
in good conscience, continue to represent them. It would have been a =
violation of my own personal integrity and ethical standards.
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<DIV><FONT face=3DArial size=3D2>Bob, both your points today are =
welltaken. =20
Misrepresentation could be a double-edged sword. However, not =
withstanding=20
the contractual language, was it then legal, ethical, etc. (and I don't =
want to=20
argue law or contracts here) for LTPC to prevent you or anybody else =
from making=20
money for 60 days because we had to be truthful with our clients and let =
them=20
know that we would not be able to provide them further service, =
etc.? We=20
weren't allowed to go out and get licensed (according to our contract) =
with=20
other carriers. In fact, I contacted John Hancock the Monday of =
the=20
official announcement, not even one of our carriers, to talk about =
getting=20
reappointed with them (I had them as a carrier prior to coming with =
LTPC), and=20
was told by JH that LTPC had sent them a memo (maybe email) to refer all =
inquiries back to FMO Robert Foreman, not LTPC, but Robert =
Foreman. I felt=20
that was a little strange and wrong and somebody was prepared. All =
I=20
wanted to do was to have the paperwork in place to begin JH on June 21,=20
2003. I was trying to get all my ducks in a row, legally, but was=20
thwarted.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Just because there is a contract, if =
there are=20
unfair labor practices involved, it is wrong. No touchy, feely=20
stuff. Realizing all the potential problems, LTPC should have =
immediately=20
given each and every one of us the option of getting out of our =
contracts to=20
pursue our livelihood and put everything in motion so we would have a =
smooth=20
transition with our current carriers with new writing numbers. An =
upstanding=20
company that cared about its employees would have done just that. =
No, the=20
company didn't have to that, but I can't defend it for not doing =
that. I=20
just wish I had the information, or at least the close contact with the =
home=20
office, like our top agents did who suddenly left what we were told was =
a viable=20
LTPC and set up brokerages.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Since this being monitored, there =
is another=20
bit of information that might pertain to conflict of interest, that will =
not be=20
revealed at this time. Call me and I'll talk with you about=20
it.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>No sour grapes, no conspiracy theory, =
but some=20
things just don't add up. I just want the answers and I will =
accept=20
whatever the outcome.</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dbobhadidian@charter.net =
href=3D"mailto:bobhadidian@charter.net">Bob=20
Hadidian</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dltpc-disc@ltpcalums.com=20
href=3D"mailto:ltpc-disc@ltpcalums.com">ltpc-disc@ltpcalums.com</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, July 03, 2003 =
11:02=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [LTPC-discussions] =
Excerpts=20
from Insurance Digest about agent liability</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>BINGO!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I did one presentation, realized I =
couldn't go=20
down the road I normally went in the presentation. I wrote the =
business=20
because the situation warranted it.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>From then on I concentrated on =
delivering as much=20
business as I could and finding a new home.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Bob</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DFlowerssusan@aol.com=20
href=3D"mailto:Flowerssusan@aol.com">Flowerssusan@aol.com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dltpc-disc@ltpcalums.com=20
href=3D"mailto:ltpc-disc@ltpcalums.com">ltpc-disc@ltpcalums.com</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, July 03, 2003 =
7:38=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: =
[LTPC-discussions]=20
Excerpts from Insurance Digest about agent liability</DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0 =
face=3DArial size=3D2=20
FAMILY=3D"SANSSERIF">All of this is exactly the reason why I =
immediately=20
stopped writing business for LTPC upon hearing that they were going =
under. I=20
could not, in good conscience, continue to represent them. It would =
have=20
been a violation of my own personal integrity and ethical=20
standards.<BR></BLOCKQUOTE></BLOCKQUOTE></FONT></FONT></BODY></HTML>
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