Hello All,
I'm pretty new to insurance and brand new to the forum. This is a great resource!
I have a scenario I need feedback on: a top selling Life producer is quoting and selling policies to people in states he isn't licensed in. He is signing their name to paperwork in the office and completing affidavits stating that the out of state client was in his office when the policy was sold, which is not the case. I'm pretty sure his broker knows but looks the other way because of the obvious upside of all the sales. Is this a major problem, and should someone blow the whistle? If yes, how?
I'm pretty new to insurance and brand new to the forum. This is a great resource!
I have a scenario I need feedback on: a top selling Life producer is quoting and selling policies to people in states he isn't licensed in. He is signing their name to paperwork in the office and completing affidavits stating that the out of state client was in his office when the policy was sold, which is not the case. I'm pretty sure his broker knows but looks the other way because of the obvious upside of all the sales. Is this a major problem, and should someone blow the whistle? If yes, how?