Q: An insurance agent here in TN claims he doesn't owe me balance of canceled premium b/c of cancelation fee? Legal?
An insurance agent in TN is claiming that he doesn't owe me the balance of the premium paid on an auto insurance policy because the "cancelation fee" cancels it out. It is my understanding that insurance is regulated by the state in TN and that in the event of a canceled policy the broker must pay the balance of the unused premium.
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