Getting Out of a Captive Contract

JE INSURANCE · 05-21-2009, 07:56 PM

I am captive with a GA, I also signed 1 year non compete clause like an idiot. Is there anyway out?

If i can get out will i be able to continue to sell with carriers asap?

xrac · 05-21-2009, 08:12 PM

Originally Posted by JE INSURANCE

I am captive with a GA, I also signed 1 year non compete clause like an idiot. Is there anyway out?

If I can get out will I be able to continue to sell with carriers asap?

The first answer is maybe but it wouldn't be cheap if they choose to come after you.

The second answer is maybe, maybe not. What does the non-compete say and restrict?

JE INSURANCE · 05-21-2009, 08:17 PM

Can sell with their carriers for 12 months, amd they keep book..ive been selling for 6 months and i am losing money by not getting GA commision...how ca you get that

xrac · 05-21-2009, 08:22 PM

Originally Posted by JE INSURANCE

can sell with their carriers for 12 months, amd they keep book..ive been selling for 6 months and i am losing money by not getting GA commision...how ca you get that

My guess is you will have to use totally different carriers and not call on any exisiting clients but your information is sketchy. If you go Indy will you try to go direct or go through a GA or FMO? If you go through a GA or FMO you might seek their advice. Is it NAA you sign on with?

JE INSURANCE · 05-21-2009, 08:25 PM

I am looking to get GA contracts with lets say United Health care, which how many app per year?