Are we allowed to "bird-dog" something out? For example, if I am selling mortgage protection and the client also wants to do an annuity, am I able to say, "I'll have someone reach out to you about the annuity" and still get split application on that follo
When QMS follows up on a previous client of ours and writes business, we were told that it would be a split "application" to us of 40%. Does that mean that the APV from that split would count towards our minimum promotable premium?
How do you become QMS certified?
What additional products are we going to start offering?
If a QMS agent writes something that you are not certified or trained for, how do you receive the split?
Do we need to be appointed to the carriers that will be used for the QMS type products in order to get paid commission? How do we start that process?
If QMS does an app split with us, are we still subject to a chargeback if it falls through?
When will QMS follow up with clients that I wrote policies on?
What controls are in place to assure that a QMS representative is not replacing an existing policy that may have been written by a Symmetry agent?
How will we know when a QMS rep has contacted our client?

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If QMS does an app split with us, are we still subject to a chargeback if it falls through?

Gene Christopher

June 11, 2021 12:48
Updated

Yes, the agents on both sides of the app split will be subject to chargebacks as usual. QMS agents are highly trained and monitor every case with data analytics. Due to this, chargeback occurrence should be lower than usual for most agents.

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