22
Mar

Gabay Authors Article on Post-Termination Commissions and Renewals: Who Has to Pay What to Whom?

For the Insurance Advocate, March 2010

“But the absence of a formal written agreement may not be fatal to a claim for post-termination commissions. For instance, where an insurance broker sued an insurer for breach of an oral contract to pay commissions, a New York court found that a letter written by the insurer to the broker regarding the payment of renewal commissions contained all the material terms of the alleged oral agreement.”

Read the full article.
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