I have a very small book of business I am thinking of selling (only $26k wp). I am thinking of "giving" the book to an insurance friend of mine since it is so small actually.
My question is when you sell your book are you essentially changing the agent of record on all your policies? So that if a policy is in mid-term I would get a charge back on the policy?
Any help or place you could point me would be much appreciated. Thanks.
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My question is when you sell your book are you essentially changing the agent of record on all your policies? So that if a policy is in mid-term I would get a charge back on the policy?
Any help or place you could point me would be much appreciated. Thanks.
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