Contract termination and commissions

[Pungispy]

I recently got a letter from my FMO dated almost a month earlier than the day I actually received the letter. In the letter it stated that my contract was terminated and that I'm not vested, and that no further commissions will be paid to me.

I have since written applications under this FMO (as I had no idea I was terminated until 3 days ago, they most likely backdated the termination because the date is right before I submitted applications for business) and they removed my access to their website so I cannot see what commissions I should have been paid, or anything else.

Is it legal for an FMO to terminate you and not pay you commissions even after you continue to submit business under that FMO?

Does the FMO get the entire commission from those sales?

This just sounds really shady, and I don't know enough about how this works. Thank you for any help!

 

[rousemark]

Do everybody a favor and name the FMO.. As for the date on the termination, what was the postmark on the envelope?

 

[Pungispy]

Do everybody a favor and name the FMO.. As for the date on the termination, what was the postmark on the envelope?

American Senior Benefits is the FMO

I'm not sure of the date on the envelope, I will check and see if I have it and respond back when I get home. I know mail has been delayed, but this is too coincidental IMO.

 

[Pungispy]

Date on the envelope was almost three weeks after the date on the actual letter.

 

[Todd King]

This is a great example of why you don't want to assign your commissions to your FMO.

I think the best thing is to find another FMO and just leave the past behind you.

 

[mudhound]

this is why i HATE assigning anything! If i do, i consider it money i might not ever earn. My effort on that is nill

 

[rousemark]

Date on the envelope was almost three weeks after the date on the actual letter.

Not a legal expert but I would say the 30 days would begin with when they sent you the notice not the day they wrote it.

 

[theinsuranceman]

Not a legal expert but I would say the 30 days would begin with when they sent you the notice not the day they wrote it.

They would use the postage date on the envelope. That's what the US Treasury uses when you mail your taxes.

 

[WinoBlues]

Would the app be a legal app if he had been terminated? Could the agent push (threaten) a rescission if not compensated?

 

[rousemark]

Would the app be a legal app if he had been terminated? Could the agent push (threaten) a rescission if not compensated?

Good question