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LOUISIANA RECORD

Thursday, March 28, 2024

Broker alleges Principal Life Insurance failed to pay commission

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BATON ROUGE – A Baton Rouge insurance broker alleges that he was not paid a commission that he believes he is owed.

Ronald Everett Smith Jr. filed a complaint on April 19 in the U.S. District Court for the Middle District of Louisiana against Principal Life Insurance Co. alleging breach of contract.

According to the complaint, the plaintiff alleges that plaintiff is the agent/broker for the insured Nola G. Smith, his grandmother. The plaintiff alleges he has serviced the contract for more than 10 years. During the summer of 2016, the suit states the defendant assured him that he would get his commission as agreed upon with the renewal of Nola G. Smith's annuity contract. To date, the plaintiff alleges he has not received the commission. 

The plaintiff holds Principal Life Insurance Co. responsible because the defendant allegedly failed to pay plaintiff's commission on the renewal contract.

The plaintiff requests a trial by jury and seeks the 1 percent commission; as well as compensatory, emotional, punitive and or exemplary damages; fees occurred due to the case and all other relief the court deems just and appropriate. He is representing himself.

U.S. District Court for the Middle District of Louisiana Case number 3:17-cv-00239

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