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forum payments...V2

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Posted: Wed Mar 02, 2011 10:02 pm   Post subject: forum payments...V2   Hi All, Has anyone noticed that the payable amounts have decreased dramatically? What used to be a $.45 post is now a $.16 post. Whassup with that, Lakemen??? InsTeacher	InsTeacher Moderator Joined: 13 Aug 2007 Posts: 1343 Location: Oregon, USA 119.93 Dollars($)
Posted: Thu Mar 03, 2011 2:34 am   Post subject:    Reserve requirement woes.	BNTRS Senior member Joined: 05 Nov 2009 Posts: 828 13.02 Dollars($)
Posted: Fri Mar 04, 2011 12:34 am   Post subject:    Quote: Reserve requirement woes. I hear the term "reserves" and I automatically think of insurance claim reserves and the requirements associated in that area. ????????? Are you saying that Lakemen/and the site are "broke?" InsTeacher	InsTeacher Moderator Joined: 13 Aug 2007 Posts: 1343 Location: Oregon, USA 119.93 Dollars($)
Posted: Fri Mar 04, 2011 2:26 am   Post subject:    Haa! Actually I was thinking about something that happened a few years ago to a local insurance company to the city I was in when I called to inquire about a product they had that looked good for a potential FE sale. The first person I spoke to simply stated that they weren't appointing any new agents and where not issuing any more of this particular product. My GA at the time was appointed with them and made a call to someone he knew to get the low-down. He found out the product in question was released only about a year ago and was wildly more popular than they ever imagined. Popular to the point that the liabilities they were taking on were beginning to stress current reserve, so they bascially closed down shop until they collected enough premium and/or had enough lapses to get everything back in order.	BNTRS Senior member Joined: 05 Nov 2009 Posts: 828 13.02 Dollars($)

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