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Without Replacement,Twisting and Churning, what would we have to do in order to get reimbursed if a customer decides he lawfully wants to change his carrier during the next open enrollment with your help?
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Replacing Policies 2015 and Commissions
- Thread starter ameneses54
- Start date
I believe he meant "carrier" and not "provider".
Simple. Help them, make sure you're listed as selling agent and appointed with the new carrier, and submit. Nothing has changed, if you're the SA, appointed, and there is comp on the product sold, you will receive it.
Simple. Help them, make sure you're listed as selling agent and appointed with the new carrier, and submit. Nothing has changed, if you're the SA, appointed, and there is comp on the product sold, you will receive it.
He just either doesn't understand the business or has been fed a line of crap by a Florida Blue CGA (based on his prior posts).
The answer is that all of us replace policies all of the time, there is nothing wrong or non-compliant about changing insurance companies at an appropriate time.
The consumer is entitled to review their policy with an insurance agent at any time and make changes-with the new laws, that is either during OEP or during an SEP.
If you have a prospect who wants you to help, go write a new policy with a company that will pay you, that is within your legal rights as a licensed insurance agent, every company asks if there is prior coverage and notifies of a replacement, if necessary, when they approve the policy. You have no worries or issues with this whatsoever unless you write a substandard policy or one with a much higher premium (unless the client wants a much lower deductible or MOOP).
- Thread starter
- #7
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Sorry for using inappropriate terms I meant "carrier", not provider and commissions is appropriate.
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Sorry I meant "carrier", not provider.
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You guys are really sharp, you can't get away with anything.
Thanks for your replies.
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I was really referring to the procedure-- not the legality of replacement, which should be implicit. Would you have to start from scratch or simply choose "change to a different plan" and carry out from there?
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First you mention replacement, twisting and churning, then you completely contradict that statement. This make no sense to me whatsoever but good luck, I think you will need it.
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