Does the insurance agency for whom I work as an independent agent own my book of business?

I have worked as an independent agent for an insurance agency for 8 years. Recently, two other independent agents who also work in the agency bought it from the agent who started the agency. I do not have any contract agreement that I have signed with any of them nor do I have a no-compete clause that I have signed. I am interested in retiring and want to know if I own my book of business. The owners claim that I don't because they bought all the books of business from the previous owner of the agency.

0 answers  |  asked Mar 16, 2012 12:32 PM [EST]  |  applies to Minnesota

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