PennCorp Life Insurance
RipOff Alert

Rip-off TITLE: Unpaid commission and refund for error and omissions insurance. Rip-off STORY: After I had received my Accident & Disability insurance agent's license of Ontario I worked for a week at PennCorp Canada Life Insurance located in London, Ontario. However, the earned commission of $156.00 and refund for the errors and omissions insurance of $165.00 was never paid to me. I have sent several emails to the company's head office including a fax requesting that they send me the earned money and refund the unused portion of their 'errors and omissions' insurance but they never responded to this day. I have also called several times their branch office in London, Ontario but they said call our head office. So who is at fault here now? Rip-off company or innocent insurance agent? One more strange thing that happened is when I requested my original insurance agent's license they refused to return to me. They said it will stay in our possession until it expires. I am not sure who is supposed to be enforcing this rip-off scheme, but all I know is that if a company hires and trains 1000 people a year and rips off each one for $350 that comes $350, 000 which is some money. However this is very likely an underestimated rip-off. I hope one day this rip off scheme will be stopped and the insurance companies become better enforced by the provincial governments. RIP-OFF Company details: Head Office PennCorp Life Insurance of Canada (formerly Pennsylvania Life Insurance of Canada) 55 Superior Blvd Mississauga, Ontario Canada Tel: 1-800-268-2835 Fax: (905)-795-2316 Email: cs@penncorp.ca Dated: Nov 21, 2002

Company: PennCorp Life Insurance
Country: Canada

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