Amendments To Reinsurance Agreements Did Not Relieve Agent Of Its Obligations

Mealey's (April 14, 2021, 1:18 PM EDT) -- FORT WORTH, Texas — A Texas federal judge on April 12 partially denied an insurance agent’s motion for summary judgment, rejecting the agent’s argument that amendments to quota share reinsurance agreements regarding “claw back” premium payments relieved the agent of future obligations under the agreements because the amendments provided no alternative payment structure for the agreements....