Where to Buy Leads???

[Josh]

I would have imagined they'd also report you to the dept of insurance and get your license. I wouldn't wanna risk it personally, I'd just leave the captive way before they got a shot at me.

I don't know of any state that would be concerned with that. It's not a violation of any insurance code to represent more than one carrier. Either way, captive is no way to go.

 

[ksigmtsu]

Why would the DOI take their license?

For what acting in the clients best interest.

I'm just saying I wouldn't want to take the risk of civil legal action. I'm not sure what the DOI would do, but as far as the DOI in Tennessee is concerned on the state test, you represent the company, not the client. I'm saying I wouldn't want to find out by taking that risk.

 

[Full Throttle]

Whether you do it by phone, mail, internet, going door-to-door or some combination thereto, until you learn to generate your own action, you will always be at the mercy of the oftentimes unscrupulous lead vendors.

What he said! There is a certain level of confidence you get when you can create your own revenue on a consistent basis without the aid of anyone else.

 

[Josh]

I'm just saying I wouldn't want to take the risk of civil legal action. I'm not sure what the DOI would do, but as far as the DOI in Tennessee is concerned on the state test, you represent the company, not the client. I'm saying I wouldn't want to find out by taking that risk.

Most of the time the company you represent and the agency are two separate entities. You're also oversimplifying the issue. If an agent is "captive" with an agency, usually all that means is they can't sell a competing product. If they do and the agency wants to get grumpy about it they can take civil action, but unless something unethical from an insurance license perspective was going on (churning, incomplete comparisons to entice them to switch, etc) they usually couldn't care less. The more immediate and important issue is what ramifications it would have on the agent still receiving his/her commissions from the grumpy agency they were captive with. One of the easiest ways to figure out what action the agency would take would be to look at the captive agent agreement.

The bottom line is that you're mixing up two things that are at best loosely related. The issues the insurance department would have and the issues civil court would address are almost always completely seperate.