Stories

From Stuck Agents

- Steve K.Owner of Oregon Financial Group
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" These restrictions are not just hampering my ability to earn a living—they're preventing clients from getting the correct contract they deserve. That is not acting with true fiduciary responsibility and best interest. "

- Tim D. President of Davis Capital Corp
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" It's shameful and worse what FMOs/IMOs are doing to hold agents hostage by refusing to sign releases to carrier contracts. Their actions are clearly a restraint of trade. The FTC and state Attorneys General should take action to stop this practice. I strongly support the effort of this petition to prohibit this practice. "
- Roy S.President Snarr Insurance
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"When I told my IMO I wanted to leave, I was ignored and then frankly told “no.” Some carriers allowed me to write business after I waited for several days, some after several months, but its been more than a year and some carriers are just getting around to approving my appointment with them through my new IMO. Given my experience, I was amazed when my current IMO actually sent me a signed pre-release when I joined. I’ll never get trapped by another IMO no matter how attractive their sales pitch.”
- John S.The Guaranteed Retirement Guy
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" I've worked with several IMOs and all have promised to release me from my contracts, but when I actually wanted to leave and go to another organization, they would not hold true to their word...so frustrating! An IMO or FMO who intentionally decides not to release agents to take their business elsewhere is only serving their own interest and often causes agents to recommend products that are not in the best interest of the public because that agent is not free to recommend other products due to being held hostage to an IMO/FMO. "

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