I have an agent that agreed to do an annuity commission split with another agent.
Here's the breakdown: Agent #1...appointed with the company the business is being written with. Agent #2...not appointed with the company.
Agent #2 didn't want to get appointed with the company for whatever reason, so he referred the client to agent #1.
My question is this: Does anyone know of any reason that Agent #1 can't legally split this and 1099 Agent #2?
Here's the breakdown: Agent #1...appointed with the company the business is being written with. Agent #2...not appointed with the company.
Agent #2 didn't want to get appointed with the company for whatever reason, so he referred the client to agent #1.
My question is this: Does anyone know of any reason that Agent #1 can't legally split this and 1099 Agent #2?