- 3,764
Oxford also has a couple of new annuities that are pretty unique. Good stuff they are offering
Oxford Life Feedback, Reviews ?
- Thread starter jemelton
- Start date
The proper response is, "Delilah, you're simply too short for your weight."
amerchant7
Expert
- 27
Whats advancing and renewals?
notfonzy
Expert
- 84
9 months. 5% years 2-5. That's it. For me at least.
Last edited:
- 15,041
Last edited by a moderator:
So here is the recap on the whole B++ rating issue in regards to E+O insurance. My policy is with Marsh, via E+O for less.
or better at the time of placement;
So... Basically it looks like if they went under for whatever reason, I could personally be sued for them not paying their claims. I know the chance is very remote, but it makes you wonder if that is worth the risk.
XVI. EXCLUSIONS
The Insurer shall not be liable to pay any Loss in connection with any Claim:I
. Insolvency
based upon, directly or indirectly arising out of, or in any way involving the insolvency,
receivership, conservatorship, liquidation, bankruptcy or inability to pay of a natural person,
entity, benefit plan, insurance company, managed health care organization, reinsurer, risk
retention group or captive (or any self insurance plan or trust by whatsoever name), or
limited partnership in which the
receivership, conservatorship, liquidation, bankruptcy or inability to pay of a natural person,
entity, benefit plan, insurance company, managed health care organization, reinsurer, risk
retention group or captive (or any self insurance plan or trust by whatsoever name), or
limited partnership in which the
Insured has placed business or obtained insurance
coverage, or placed or recommended placement of the funds of a Client; however,
notwithstanding the foregoing, the Insurer shall have the right and duty to defend the
coverage, or placed or recommended placement of the funds of a Client; however,
notwithstanding the foregoing, the Insurer shall have the right and duty to defend the
Insured
in any suit alleging acts described above, provided the Claim arises from the
Insured's
placement of coverage with an admitted Insurer with an A.M. Best rating of "A-"
or better at the time of placement;
So... Basically it looks like if they went under for whatever reason, I could personally be sued for them not paying their claims. I know the chance is very remote, but it makes you wonder if that is worth the risk.
- 3,764
In that circumstance, why risk it? Prboably not worth it in the long ride
- 5,309
Thanks for the update, Ben.
Insexpert1
Expert
- 34
Oxford is very bad in FORMS AND SUPPLIES.
In California they immediately tell you that you need another form for signature and force you to go back and get it. Other Insurance companies give enough fair warning and give a genorus time frma for agents to prepare and send those forms in advance.
Their compliance department even forced me to get a signature on California 24 HOUR FORM AND THEN LATER ...TOLD "OH..IT IS NOT REQUIRED".... I AM using them because of their low rates...as soon as I get a preferred FE which beats their price I will consider switching gear!
Grill them to make sure that you will be getting your supplies on time and any changes to the guidelines, that you have fair warning and time to assist your clients.
Good Luck WITH OXFORD!
In California they immediately tell you that you need another form for signature and force you to go back and get it. Other Insurance companies give enough fair warning and give a genorus time frma for agents to prepare and send those forms in advance.
Their compliance department even forced me to get a signature on California 24 HOUR FORM AND THEN LATER ...TOLD "OH..IT IS NOT REQUIRED".... I AM using them because of their low rates...as soon as I get a preferred FE which beats their price I will consider switching gear!
Grill them to make sure that you will be getting your supplies on time and any changes to the guidelines, that you have fair warning and time to assist your clients.
Good Luck WITH OXFORD!
