PhxSunsFan
Guru
- 598
I havent written any policies in over 2 years.. why do I often get demand letters from carriers to repay debt when we know 1 year is the only factor??
carrier payment demands
- Thread starter PhxSunsFan
- Start date
- 19,498
You probably had clients die and policies rescinded.
There’s no such thing as being clear after one year.
I don’t know who the “we” is. But “we” is wrong.
There’s no such thing as being clear after one year.
I don’t know who the “we” is. But “we” is wrong.
- 25,934
Oxford has been sending me a debt email for $.26 for a few years. For a while it was physical letters. I haven't written them for 15-20 years. I sent them an email asking for a breakdown and <crickets>, I call them, and they find no $0 debt and they actually owed me a few dollars. Then I get another email for $.26 but now it is more of a pending lapse notice. I'm just ignoring it.
- 19,498
And if you wrote SBLI they charge back all commissions if the client dies in the first 2 years.
Doesn’t matter if they paid the claim or not. The agent is charged back.
Doesn’t matter if they paid the claim or not. The agent is charged back.
- 5,294
Haha, thought I was the only one getting Oxford penny chargeback demands =)
- 19,498
Did you know that Oxford has stopped contracting FE agents?
- 4,806
Looks like they are pointing themselves towards the exit door. How many so far for 2003 and 2004? Any idea?
- 19,498
Only SL
So why did David Price and the other big agency and all downlines get termed by SL? They lost their renewals all are saying . I heard its because he was contracted with other carriers . For 5 yrs he swung from the rafters saying how great Sl was . Now i see he’s peddling AM AM and every other company saying how great there are. We all talk our book
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- #10
PhxSunsFan
Guru
- 598
why did i think that there are no chargebacks after 1 year of policy issue???
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