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Errors and omissions
900074-00
Following up on cancellation notices
Our agency always has sent out a letter to insureds when we get a copy of a cancellation notice from a carrier reminding the insured that the premium must be paid to avoid cancellation. We are becoming concerned about this practice and would like to send out a letter to all our clients saying they will no longer receive a follow-up letter from this agency. Will this protect us legally, or have we established a practice that is difficult to change?
900233-00
Liability exposures on agency book sale
I am selling my book of business to another agency and will be working for them under their name. What is my liability if a claim should arise on a policy from last year? How long will I be held liable from prior policies?