TOLEDO, Ohio – CUNA Mutual Group this week filed suit against a former life insurance broker and salesman asking for $1.3 million payment of commissions she allegedly earned in violation of the company’s non-compete clause.
The broker, Terri Dandino, who was hired to sell the company’s Plan America products, allegedly sold policies for Life Insurance Company of Southwest while she was under contract to CUNA Mutual, according to the suit, filed in U.S. District Court for the Northern District of Ohio. The sales exceeded $2 million, according to the suit. CUNA Mutual said it also believes Dandino sold products on behalf of other companies while she was working for them.
The contract with CUNA Mutual prohibits any representative from brokering or selling insurance or annuity products for any other company without written consent of CUNA Mutual.
The suit was brought after CUNA Mutual failed to secure the surrender of the commissions.
Lawyers for Dandino did not return a phone call seeking comment.
