Non Appointed Chargeback

Nov 19, 2016

  1. hdge4u
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    hdge4u New Member

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    Insurance agent 1 splits and advances commissions to Non Appointed Insurance agent 2-Me for writing the business.

    Client charges back.

    Insurance agent 1 wants repayment and threatens legal collection efforts even though I am making monthly good faith payments to repay.

    Does Insurance agent #1 have a valid debt to collect on in the state of Texas for inherently having me bird dog the deal or was the split illegal in the first place?
     
    Last edited: Nov 19, 2016
    hdge4u, Nov 19, 2016
    #1
  2. goillini52
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    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

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    You seem to be a shady character. You owe him the unearned commission that he paid you.:skeptical:
     
  3. Norwayguy
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    Norwayguy I have spent way too much time here.

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    We so need a thumbs up for the app.
     
  4. myinsurebiz
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    myinsurebiz Guru

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    Are you a licensed Insurance Agent?
     
  5. goillini52
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    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

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    If he's not, are you going to recruit him? Talk about a debt waiting to happen.:laugh:
     
  6. myinsurebiz
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    myinsurebiz Guru

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    LOL - no . . . He was concerned about it being illegal. If he is licensed in Texas, it isn't illegal for an agent to share commissions - but, he needs to do the right thing and continue paying the debt - which it seems he is . . .
     
  7. goillini52
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    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

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    Read his post again. He doesn't think he should have to pay it back.
     
  8. myinsurebiz
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    myinsurebiz Guru

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    I read it as if he wants to know if Agent #1 can legally send him to collections for the debt even though he is already making payments to Agent #1 . . .
     
  9. vic120
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    vic120 Guru

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    He is putting feeler out there, He is looking for a loophole, Not to pay
     
    vic120, Nov 20, 2016
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  10. jacobtn
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    jacobtn Guru

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    Pay him the money you owe and stop looking for a way to screw someone. Geez.
     
    jacobtn, Nov 20, 2016
    #10
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