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Broker dealers can play the same disgusting game with smearing someone's license with FINRA.
Anyone Have a Good Lawyer?
- Thread starter Seniorgirl411
- Start date
Broker dealers can play the same disgusting game with smearing someone's license with FINRA.
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I agree with your statement, but not the sentiment. If an agent has their appointment terminated "for cause" and it's reported that way to the insurance department most will want to do an investigation as to what happened. Usually the only thing they would term "for cause" would be ethical reasons such as lying, stealing, etc, not just failure to meet goals or anything like that. The best thing anyone can do is contact the insurance department and ask what information has been communicated to them. If anything has been communicated and is not an open investigation an agent can make a Freedom Of Information request and get copies of anything that has been communicated to the state. Sometimes insurance agencies will tell an agent they were termed for cause but never report it to the state that way to avoid having to confront the truth of the situation which is usually that the agent has done nothing wrong.
I did not see the woman mention what company she had been terminated from. It would not surprise me if the company shes talking about is Humana or some other Medicare Advantage company. Those companies are already under extreme scrutiny by the department of insurance and turning agents into the dept of insurance is more then likely their idea of a pre-emptive strike to cover their own asses.
Those of us who have conversed with her on other threads know it was BANKERS! We also know that that is the kind of thing Bankers is known for.
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Reporting a separation for "cause" to the D.O.I is an entirely different matter than "cause" to the state employment service. As alluded to earlier in this thread, state employment services may require a notice of separation to be filed-- and the reason for separation. These don't mean diddly if you file a claim for unemployment benefits as EVERYTHING will be investigated at that time-- independent of any form filed by the employer. Notifying the D.O.I. of "cause" is an egregious act that carries much more weight. Keep on top of this and seek legal assistance such as the means referenced in this thread. If ANY captive (or otherwise) company threatened this of me, I'd have my attorney at their front door the next morning.
- Thread starter
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It was Bankers. My novice manager I worked for wouldn't tell me what the reason was. His manager was shocked that it had happened and said he would get me back into the office. I asked to be transfered if I couldn't work in that office. That manager came back and denied the transfer and still wouldn't tell me why. I contacted the person at the home office and she said she can't help me. She's the one that sent the letter saying it was for cause. I was never written up in my 7 years with them. So, who do I contact?
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Oh and yes, the contract has a 2 year non-compete clause. Still, I know that they rarely follow up with that or go further if you do replace business.
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Oh and yes, the contract has a 2 year non-compete clause. Still, I know that they rarely follow up with that or go further if you do replace business.
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