[LTPC-discussions] An Easy Exercise
ltpc-disc@ltpcalums.com
ltpc-disc@ltpcalums.com
Sun, 13 Jul 2003 11:53:13 EDT
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Getting legal clarification now on our contract is important, for both the
vested and non vested agent. If you are staying in the business then finding
out now if you can work with your clients should be a priority.
I repeat again I am not giving legal advice, I am not an attorney. But I
think we all might have clients that might benefit from our expertise. An
example would be a client that we could not write and has a waiting period for that
condition which might expire soon.
The nature of our business with policies changing, and rates increasing from
carriers, I would rather know now if I can help them instead of approaching
them 18 months from now. We do that person a disservice if we do not help them
sooner if we legally can.
Vested agents should not risk their renewals, but if this contract can be
challenged then we should look at it. Doug is right, a lawsuit should be the
last option. Maybe the court of public opinion in other areas might help. But
getting a legal opinion on this should be done.
The contract has been sent to a law firm and we should have some opinion in a
few days. Will post this when it comes in.
Richard
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<HTML><FONT FACE=3Darial,helvetica><FONT SIZE=3D2 FAMILY=3D"SANSSERIF" FACE=
=3D"Arial" LANG=3D"0">Getting legal clarification now on our contract is imp=
ortant, for both the vested and non vested agent. If you are staying i=
n the business then finding out now if you can work with your clients =20=
should be a priority.<BR>
<BR>
I repeat again I am not giving legal advice, I am not an attorney. But=
I think we all might have clients that might benefit from our expertise.&nb=
sp; An example would be a client that we could not write and has a waiting p=
eriod for that condition which might expire soon. <BR>
<BR>
The nature of our business with policies changing, and rates increasing from=
carriers, I would rather know now if I can help them instead of approaching=
them 18 months from now. We do that person a disservice if we do not=20=
help them sooner if we legally can. <BR>
<BR>
Vested agents should not risk their renewals, but if this contract can be ch=
allenged then we should look at it. Doug is right, a lawsuit should be=
the last option. Maybe the court of public opinion in other areas mig=
ht help. But getting a legal opinion on this should be done.<BR>
<BR>
The contract has been sent to a law firm and we should have some opinion in=20=
a few days. Will post this when it comes in.<BR>
<BR>
Richard<BR>
</FONT></HTML>
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