Legal Question in Business Law in Illinois
Selling to Self
As an insurance agent or a financial broker/dealer, is it a conflict of interest for me to sell a policy to myself? Whether it be my personal auto insurance sold through the insurance agency I represent, or buying a mutual fund with myself as the registered representative. Does it matter if I am earning a commission on either of these transactions?
Asked on 6/16/08, 5:45 pm
1 Answer from Attorneys
Joseph Michelotti
Michelotti & Associates, Ltd.
Re: Selling to Self
no, unless you cheat yourself
Answered on 6/16/08, 11:54 pm
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