|
Annual Statement Regarding Compensation
Beginning in 2009, MetLife will send group insurance customers an annual statement indicating all compensation MetLife paid to the customer’s broker of record in the prior year.
Broker of Record
The broker of record is the broker recognized as broker of record by both the customer and MetLife for the customer's eligible group insurance coverage.
For questions and information, please contact:
MetLife
P.O. Box 30160
Tampa, FL 33630
Phone: (888) 653-8325
Fax: (800) 556-9430
To initiate a broker of record change, the customer must send a letter on company letterhead to the above address or fax number requesting the change. The letter must specify the effective date of the change, the coverages affected, the new broker of record’s name, firm name (if applicable), address, telephone number and tax identification number. In order for a broker of record change to take effect, the new broker must be licensed and appointed as required by applicable law and MetLife must recognize the new broker as broker of record. MetLife may notify the prior broker, the new broker and the customer of the change in writing.
Overpayment
The broker shall immediately return to MetLife any overpayment of base compensation the broker receives from MetLife. MetLife reserves the right to recover any base compensation overpayment from any amount MetLife owes the broker associated with the base compensation plan or any other compensation plan or agreement. By cashing any check from MetLife or otherwise accepting any base compensation payment, the broker thereby agrees that MetLife may set-off any amount payable by MetLife to the broker in order to recover an overpayment or any other amount payable by the broker to MetLife. The broker agrees to reimburse MetLife for expenses associated with the collection of outstanding debts due MetLife from the broker.
Dedicated Broker Service Center
 
| 
