[LTPC-discussions] Issues for vested and non vested agents
ltpc-disc@ltpcalums.com
ltpc-disc@ltpcalums.com
Fri, 11 Jul 2003 00:52:10 EDT
--part1_10f.23fa5b13.2c3f9c7a_boundary
Content-Type: text/plain; charset="US-ASCII"
Content-Transfer-Encoding: 7bit
These issues effect all of us, both vested and non vested agents.
The two articles address these issues. They were also forwarded to attorney.
Articles talk about what rights you might have after termination. Below are
some of the articles main points. Whether you are vested or not I would like
some comments about these issues. They should be important to you.
1. Possible right to replace business if it meets state law governing
replacement and you improve your clients position.
2. Possible that agency contracts should not interfere with special agent
client relationship.
3. Possible according to article that even vested agents might not forfeit
renewals if helping client.
4. Possible that contracts might not be enforceable due to different state
laws.
5. Possible if agent did a good job he owns a relationship with client.
6. Possible departing agent not paid for service to client this may
represent a subsidy to insurance company.
7. Possible that clients have a different opinion of us now that we are
terminated. Company might have embarrassed us if notifying clients that we are no
longer able to serve them. They might have damaged our reputation.
Richard
--part1_10f.23fa5b13.2c3f9c7a_boundary
Content-Type: text/html; charset="US-ASCII"
Content-Transfer-Encoding: quoted-printable
<HTML><FONT FACE=3Darial,helvetica><FONT SIZE=3D3 FAMILY=3D"SANSSERIF" FACE=
=3D"Arial" LANG=3D"0"><B>These issues effect all of us, both vested and non=20=
vested agents.<BR>
The two articles address these issues. They were also forwarded to att=
orney.<BR>
<BR>
Articles talk about what rights you might have after termination. Belo=
w are some of the articles main points. Whether you are vested or not=20=
I would like some comments about these issues. They should be importan=
t to you. <BR>
<BR>
1. Possible right to replace business if it meets state law governing=20=
replacement and you improve your clients position. <BR>
<BR>
2. Possible that agency contracts should not interfere with special ag=
ent client relationship.<BR>
<BR>
3. Possible according to article that even vested agents might not for=
feit renewals if helping client.<BR>
<BR>
4. Possible that contracts might not be enforceable due to different s=
tate laws.<BR>
<BR>
5. Possible if agent did a good job he owns a relationship with client=
.<BR>
<BR>
6. Possible departing agent not paid for service to client this may re=
present a subsidy to insurance company.<BR>
<BR>
7. Possible that clients have a different opinion of us now that we ar=
e terminated. Company might have embarrassed us if notifying clients t=
hat we are no longer able to serve them. They might have damaged=
our reputation.<BR>
<BR>
Richard<BR>
<BR>
</B></FONT></HTML>
--part1_10f.23fa5b13.2c3f9c7a_boundary--