The Agent might be the problem and not the Insurance Company……>
What does the phrase Agent of Record mean?
Basically, when a policy holder wants to change insurance agents but keep the same insurance carrier, they must provide the new agent with an Agent of Record letter. This grants the new agent legal authority to represent the policy holder with the same insurance carrier.
Shocking, I know, but sometimes people just want to fire their insurance agent. It’s a sad realization that good insurance has become a rarity. We work to keep our clients happy and help them to succeed. We realize there are people who may like the insurance carrier who underwrites their policies just fine, but they want a new agent. Naming a new insurance agent as the Agent of Record grants them authority to manage your existing policies without switching insurance carriers altogether.
Why do I need an Agent of Record to change insurance agents?
Most insurance carriers…
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