When I left "Ma
Mutual", I had a non-solicit agreement for 2 years:
- Not to replace insurance contracts previously sold.
- Not to recruit agents of the agency to anything else.
I would look at your contract as though you worked FOR the GA
, and the GA
just happens to represent the insurance company. The GA
is the business owner (in that particular "Ma
Mutual") and has the right to protect his business as we would if we were the GA
In short - if you leave him alone, he'll leave you alone. But if you violate that, he can send a cease and desist letter and/or sue you. Also, if you're securities licensed, your U-5 could be affected.
Regarding earnings... just read your contract and assume that the GA
will abide by the contract for earnings... but don't assume any other perks, such as bonuses, overrides, training subsidies, or anything else. If he violates the contract, you can do what you need to do then.
Regarding records, I would suggest that you have a complete right to a copy of the records of the cases you sold and are agent of record (especially if you're going to have a broker contract), but don't quote me on that. But THEY ALSO need copies/original records to protect their agency/firm/broker-dealer, etc.