brother is an insurance salesman and got grandma to take out policies on myself and wife. She then cancelled the policies and we got the bill. He still got his comission though.
2006-09-13 11:04:54 · 10 answers · asked by Anonymous in Business & Finance ➔ Insurance
The true Answer Is that in order for that policy to have been issued by the under writers then some one would have had to have signed for both yourself and you wife. Laws state that there must be insurable interest but that does not mean that anyone can just buy a policy on someone they know. the law requires 3 signatures on this type of policy, the agents signature ( your Brother), The Owners Signature ( Grandma ) and the Insured(s) (you and your wife in a joint policy)
2006-09-13 17:12:39 · answer #1 · answered by working4christ2000 1 · 0⤊ 0⤋
There are situations when someone can buy a policy on you without your knowledge. they must have an 'insurable interest' to do so. In the case you describe, it sounds like your brother committed fraud. Even if there was an insurable interest. Only the owner of the account should be billed. You can't be the policy owner without your knowledge.
2006-09-13 12:03:34 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
You need to have an insurable interest in order to buy a policy. You cannot for example buy one on an actor you see on tv. You can buy one for your son or daughter if he/she is a minor without his/her knowledge.
I believe you have been a victim of a fraud. Ask your borther to pay you the full amount pronto (cash or cashier's check only). If he does not, go to the police and let them know you have been a victim of fraud. Also, contact your states insurance ombudsman.
2006-09-13 16:04:14 · answer #3 · answered by inpoetry1 3 · 0⤊ 0⤋
The insurance underwriters would need your permission to pull your health/medical records.
I just don't see how that could have happened without you knowing about it (signing off on).
Now, if what you mean is that your grandmother's life was insured and you were the beneficiary...that's OK. The policy owner does not have to notify the beneficiary.
2006-09-13 13:17:23 · answer #4 · answered by derek 4 · 0⤊ 0⤋
Not unless they were life insurance policies, in which case she should have gotten the bill. Anything else your signature would have to be on & no it was not legal.
2006-09-13 11:06:50 · answer #5 · answered by MANDEE 3 · 0⤊ 0⤋
dont forget the medical check up requirement for the insurance before they issue the policy.
2006-09-14 15:45:43 · answer #6 · answered by MCNY 1 · 0⤊ 0⤋
It look a little suspicious or don't you ever watch crime detective shows. Sure! Go ahead! Make it easy for the D.A. to put you away for a long time. Perfect crime my aunt fannie.
2006-09-13 11:09:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋
No I mean how could you they could check their
account to see I think that's not such agood idea.lol.
2006-09-13 11:06:51 · answer #8 · answered by pinkhotty25 1 · 0⤊ 0⤋
scammer
2006-09-13 11:11:53 · answer #9 · answered by Mopar Muscle Gal 7 · 0⤊ 0⤋
No
2006-09-13 11:06:04 · answer #10 · answered by Dear Mall Girl 2 · 0⤊ 0⤋