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Repayment of Training Costs

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Sep 9, 2008 2:45 pm

I have did a search for this and could not find an answer that fits my situation.  As stated in another post I have decided to leave my wirehouse and get back into insurace through an independent insurance company.  I have been in production for a few months.  My contract states that they will only go after training costs if I go to a competitor.  I know if I went to another B/D they would want repayment, but would they consider this route a competitor and have me repay these costs?  I will also not be attempting to take any of the firms clients, I just want a clean break because I have found that insurance suits me better than a wire.

Sep 9, 2008 6:36 pm

I will keep my 6, 63, and possibly 65.  I had these licenses before.  I would like to keep the 7 just in case one day down the road I may need it and it took a lot of effort to obtain, but do not see using it anytime soon.

Sep 9, 2008 8:00 pm

Ditto to Ice’s comments.

Sep 9, 2008 8:00 pm