A Release Anecdotes

[Up In Smoke]

So I just heard from one of my friends who was in a telesales agency trying to move 10+ agents from Pinnacle Financial Services back to Premier. He said from MGA all the way to the owner of Pinnacle are just playing hardball either remaining silent or pretending they are in no position to grant a release. Interestingly this same group of agents was released by Premier to Pinnacle through a reciprocal release agreement. My friend was confused by this gesture and tried to reach out to the owner of Pinnacle, Kevin Shields, but he never got a reply. The MGA kept saying he's in no position to grant a release, the SGA kept ignoring there was a reciprocal release agreement in place and kept saying the only way to process a release is to go straight to carriers. I was having dinner with them last week and they are so upset and are convinced that Pinnacle probably never releases any agents...not even when it comes to honoring a prior reciprocal release agreement.

 

[T Sparks]

Sounds like that deal has gone....
"Up in Smoke"

I would burn a doobie and sleep on it.

Tomorrow will be a better day.

 

[Up In Smoke]

However they promise release is always a big thing.

 

[goillini52]

However they promise release is always a big thing.

Gotta get it in writing.

 

[Up In Smoke]

Gotta get it in writing.

In this case it was between FMOs

 

[Newby]

Gotta get it in writing.

If they signed a reciprocal release it is in writing. Having a “promise to release” in writing is useless if you are dealing with someone that yanks agents around.

 

[goillini52]

If they signed a reciprocal release it is in writing. Having a “promise to release” in writing is useless if you are dealing with someone that yanks agents around.

My Aetna contract used to be with somebody like that. He had agents released to him, but wouldn't release to the FMO that released to him.

 

[25MercuryHP]

My Aetna contract used to be with somebody like that. He had agents released to him, but wouldn't release to the FMO that released to him.

Why would any FMO release an agent? If you were given agents thats someone elaes problem bc biz went bad. Unless the company is out of biz why give em bak?

 

[goillini52]

Why would any FMO release an agent? If you were given agents thats someone elaes problem bc biz went bad. Unless the company is out of biz why give em bak?

Say what?

 

[25MercuryHP]

Say what?

If u were an fmo and provided a service to agents to get converted under you why would u release them to another fmo and lose their biz?

This isnt a merry go round industry. Quit flipping fmos just because u arent getting leads or whatever