{"id":21626,"date":"2024-03-29T19:45:55","date_gmt":"2024-03-29T19:45:55","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/03\/29\/new-york-life-sues-former-agent-to-recoup-commission-advances\/"},"modified":"2024-03-29T19:45:55","modified_gmt":"2024-03-29T19:45:55","slug":"new-york-life-sues-former-agent-to-recoup-commission-advances","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/03\/29\/new-york-life-sues-former-agent-to-recoup-commission-advances\/","title":{"rendered":"New York Life Sues Former Agent to Recoup Commission Advances"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/874685069\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2021\/03\/Lawsuit-Scales-Justice-Adobe-Stock-640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2021\/03\/Lawsuit-Scales-Justice-Adobe-Stock-640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>\u201cVictor Chavez was permitted to resign after a review of his business practices raised concerns on a number of issues, including a pattern of life insurance applications declined for inaccurate or incomplete information such as the insured\u2019s contact information and a possible signature discrepancy,\u201d according to an entry in Chavez\u2019 record in the <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/6234351\" target=\"_blank\" rel=\"noopener\">FINRA BrokerCheck system<\/a>.<\/p>\n<p>Chavez has been registered with Park Avenue Securities since December 2023, according to BrokerCheck.<\/p>\n<p>New York Life says Chavez owes&nbsp;it money because the company has a contractual right to get back advances it paid him in connection with&nbsp;life insurance applications he submitted that never actually resulted in the issuance of life insurance policies, that resulted in policies on which commissions were adjusted, or that resulted in the issuance of policies that were later rescinded or canceled.<\/p>\n<p><em>Credit: Sergign\/Adobe Stock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cVictor Chavez was permitted to resign after a review of his business practices raised concerns on a number of issues, including a pattern of life insurance applications declined for inaccurate or incomplete information such&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":21627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/04\/new-york-life-sues-former-agent-to-recoup-commission-advances.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21626"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21626"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/21627"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}