East News
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Pa. Court Upholds Rights of Terminated Insurance Agents
East News • January 29, 2008
A new decision by a Pennsylvania court could have far-ranging implications on what happens to an insurance agency's book of business if a carrier terminates its contract.
The decision, rendered ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: Governance Model | JLT | Feb 11, 2008, 11:13 am |
| RE: Governance Model | downstate NY agent | Feb 11, 2008, 9:48 am |
| Governance Model | Shrinivas Shikhare | Feb 11, 2008, 4:52 am |
| RE: RE: About time | Company Gal | Feb 5, 2008, 2:55 pm |
| RE: RE: RE: RE: RE: RE: RE: RE: RE: About time | JLT | Feb 5, 2008, 1:47 pm |
| RE: RE: RE: RE: RE: RE: RE: RE: About time | Company Gal | Feb 5, 2008, 1:33 pm |
| RE: RE: RE: RE: RE: RE: RE: About time | downstate NY guy | Feb 5, 2008, 11:51 am |
| RE: RE: RE: RE: RE: RE: About time | JLT | Feb 5, 2008, 10:50 am |
| RE: RE: RE: RE: RE: About time | steve | Feb 5, 2008, 10:38 am |
| RE: RE: RE: RE: RE: About time | downstate NY guy | Feb 5, 2008, 10:23 am |
| RE: RE: RE: RE: About time | Nobody Important | Feb 5, 2008, 9:58 am |
| RE: RE: RE: About time | Company Gal | Feb 4, 2008, 4:10 pm |
| terminations due to losses | downstate NY guy again | Feb 4, 2008, 3:15 pm |
| Due to some freakish claims | We got canned too | Feb 4, 2008, 12:40 pm |
| RE: RE: RE: About time | JLT | Feb 4, 2008, 12:04 pm |
| Hartford take note | Jack | Feb 4, 2008, 10:42 am |
| RE: RE: About time | Ernesto | Feb 4, 2008, 10:28 am |
| RE: RE: RE: Court Ruling | downstate NY guy again | Feb 4, 2008, 10:18 am |
| RE: Sorry situation | Jon L | Feb 4, 2008, 9:46 am |
| Sorry situation | Steve | Feb 1, 2008, 10:01 am |
| RE: RE: Court Ruling | downstate NY agent | Jan 30, 2008, 12:38 pm |
| RE: Court Ruling | Stat Guy | Jan 30, 2008, 11:51 am |
| RE: RE: About time | JLT | Jan 30, 2008, 10:37 am |
| RE: About time | N Judge | Jan 30, 2008, 8:22 am |
| RE: About time | SWFL Mark | Jan 30, 2008, 7:46 am |
| About time | JLT | Jan 29, 2008, 4:57 pm |
| Court Ruling | Presley Shofner | Jan 29, 2008, 4:02 pm |
| RE: what did the non renewal notice show | DWT | Jan 29, 2008, 2:25 pm |
| what did the non renewal notice show | wondering.... | Jan 29, 2008, 1:06 pm |
| Back to article | ||
Subject: About time
In Washington to issue a non-renewal notice based upon "Agent no longer represents this carrier" isnt a legal reason. And the carrier has to give your agency 12 months after contract termination to replace the business. They also can not give your business to another appointed agent. Not without paying you the commission that placement would have generated for your agency.
Unfortuantly a few of our peers that also lost their contracts didnt research the RCW or WAC and sent notices out when they were told to. Causing the loss of thousands of premium dollars along with devistating damage to their reputations.
Moral of the story...dont let any carrier tell you what you can or can not do...research the law in your state. And hold the carrier accountable.