Got smoked by insurance agent
Sup bois, I need some advice.
Few months ago, an insurance agent friend of mine from AIA approached me and asked if I wanted to join him as a supplementary head count(so basically I dont need to close any clients, just exist in the org) so that he could qualify for promotion.
He said that he would pay me about 1.2k, with all the papers covered etc and any fees also will be covered.
So I took the papers and signed with AIA and got the money. However, about 1 month in, he suddenly said he was going to quit and move to another org.
Initally tried to get me to move with him too, but I refused since there was no incentive for me to do so. As such I told him I was going to resign.
Fast forward to the present, I have received a letter of demand from AIA stating that I have to pay back like $400 to them for misc fees and will be taking legal action if not paid back.
This shit was literally not mentioned to me by the FA who said he would be handling all the fees. When I asked him, he just said that he wasnt in AIA anymore and asked me to liase with his previous director.
Ngl bois, I might have messed up and have to pay the $400. But just wanted to get your thoughts and suggestions if there is anyway I can avoid paying the fee.
I have approached the director already but he seems to be ghosting me. Pretty shady move by the FA to backstab me like this ngl.
- Oh dude you can totally report them to MAS. The headcount arrangement is illegal.
I went through this exact same thing as you, except I never signed the contract and never followed through with it. Still I had paid a $1,000 deposit which they refused to return to me. I threatened to report them to MAS and they fully refunded me.
Then I reported them to MAS anyway and the whole team got burnt—director, manger, everybody. It’s a serious fine.
- (OP) Problem is the director himself did not know about this arrangment. Only the FA that left knew about this arrangment and now he is in another org 🙁
- “You can’t cheat an honest man”.
You weren’t the honest man here. You put your name on the line to gain 1.2k without doing any work, and you knew that what you were doing was unethical.
You still netted $800. Count yourself lucky. If you report your “friend”, maybe you will get into trouble too, which is what your “friend” is counting on. You basically conspired with him to cheat AIA.