How Is The Commissioners Office Notified Of A Termination Of An Appointment?

An insurer must provide notification Form 8302 to the Commissioner, within 30 days, when it terminates an agent. If the termination is for cause based on any of the reasons set out in the section "Reasons for Administrative Action," the insurer must also provide supporting information regarding the termination. An insurer must provide to the agent, within 15 days of notice to the Department, a copy of the termination notice. The notice of termination for cause must be sent by certified mail to the last known address of the agent. The agent may, within 30 days of receiving the notice of termination for cause, file written comments about the substance of the termination with the Commissioner and the insurer. The agent's written comments will become part of the Department's file and accompany every copy of a report distributed or disclosed for any reason about the termination.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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