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Started By
Message
Insurance legal question (Louisiana)
Posted on 5/29/15 at 11:01 am
Posted on 5/29/15 at 11:01 am
I sent in my normal payment to agent
Agent receives payment but sits on check and does not notify broker or underwriter
15 days later I'm notified by agent that my policy is cancelled for lack of payment
WTF? Isn't payment to agent as, far as I'm concerned, payment to underwriter?
Agent receives payment but sits on check and does not notify broker or underwriter
15 days later I'm notified by agent that my policy is cancelled for lack of payment
WTF? Isn't payment to agent as, far as I'm concerned, payment to underwriter?
6
Posted on 5/29/15 at 11:02 am to Placebeaux
First of all, do you have proof of sending it?
Posted on 5/29/15 at 11:04 am to Placebeaux
quote:
I sent in my normal payment to agent
Agent receives payment but sits on check and does not notify broker or underwriter
15 days later I'm notified by agent that my policy is cancelled for lack of payment
WTF? Isn't payment to agent as, far as I'm concerned, payment to underwriter?
agent should be able to get policy reinstated. (what type of policy exactly through what broker?) Your agent fricked you though, probably time to move your shite.
Posted on 5/29/15 at 11:04 am to Jcorye1
quote:
First of all, do you have proof of sending it?
sure do
Posted on 5/29/15 at 11:04 am to Placebeaux
was the check cashed?
Posted on 5/29/15 at 11:05 am to Placebeaux
Agent is on the hook. His E&O carrier is your insurer until the policy is reinstated or new coverage is bound.
This post was edited on 5/29/15 at 11:06 am
Posted on 5/29/15 at 11:05 am to Chad504boy
quote:
(what type of policy exactly through what broker?)
commercial auto
Posted on 5/29/15 at 11:05 am to NorthshoreTiger76
quote:
was the check cashed?
yes
Posted on 5/29/15 at 11:06 am to Chad504boy
quote:
agent should be able to get policy reinstated
Posted on 5/29/15 at 11:06 am to Placebeaux
Lazy/careless agents aren't anything new. Stay on top of the situation and they'll get you reinstated. Considering a switch to someone more attentive to things such as remitting payment on your behalf is advisable.
Posted on 5/29/15 at 11:06 am to tigerpimpbot
Auto bill pay? Internet payment? You do know it's 2015?
Posted on 5/29/15 at 11:06 am to Placebeaux
Mailbox rule, baw
Posted on 5/29/15 at 11:06 am to Placebeaux
quote:
commercial auto
third party finance contract or paid in full? Milwaukee casualty policy?
Posted on 5/29/15 at 11:07 am to sjmabry
quote:
uto bill pay? Internet payment? You do know it's 2015?
option not available with said agent
Posted on 5/29/15 at 11:07 am to Placebeaux
Keep your proof on you and contact the insurance company and tell them what happened, if they don't want to work with you, a call to the insurance commissioner will do the job.
Posted on 5/29/15 at 11:08 am to Chad504boy
quote:
third party finance contract
Posted on 5/29/15 at 11:08 am to Modern
quote:
Keep your proof on you and contact the insurance company and tell them what happened, if they don't want to work with you, a call to the insurance commissioner will do the job.
Posted on 5/29/15 at 11:08 am to Placebeaux
quote:
option not available with said agent
I don't use an agent. I have my account set up w/ the insurance company, the premium is automatically deducted from my checking account, and I've never been canceled for non-payment.
See what I'm saying here?
Posted on 5/29/15 at 11:09 am to Placebeaux
quote:
Placebeaux
Have civil discussion with agent advising this is their mistake and have them get the company to reinstate said policy.
Two weeks later, give an AOR to another agent.
Posted on 5/29/15 at 11:09 am to Modern
Agent said he emailed broker that payment was received but agent wont forward me that email
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