What happens to your customers, if you lose an appointment?

Jun 3, 2019

  1. texasnative
    Offline

    texasnative New Member

    Posts:
    17
    Likes Received:
    7
    State:
    Texas
    What happens to your customers, if you lose an appointment with a carrier? Say they do not think you are producing enough business, for example, or the rep is a weiner and you two don't get along (I'm just thinking of reasons not related to writing bad policies, haha).

    - Are all the clients policies cancelled within say 30 days, if the carrier terminates you within 30 days?
    - Do the clients policies get transferred to just "the carrier" for servicing, or to an AOR?
    - Or...?
    - Are there any E&O issues I need to worry about?

    Thanks!
     
  2. Newby
    Offline

    Newby Guru

    Posts:
    14,343
    Likes Received:
    1,384
    State:
    Indiana
    Your clients just become house accounts. Your renewals still go to you as long as you were vested.
     
    Newby, Jun 3, 2019
    #2
  3. BADTROUT
    Offline

    BADTROUT Guru

    Posts:
    561
    Likes Received:
    470
    State:
    Colorado
    If its a matter of non-production you may be able to roll the business to an agency network with a stronger master code. From the carrier standpoint, they typically will stop your new business, and usually 6-12 months of renewal and endorsement commissions. Literally every company does it different.
     
Loading...