Question about Errors &amp; Omissions and brokerage...
I recently left one brokerage for another at the beginning of the month.  Prior to my departure,  an annual $5000 E&amp;O insurance premium was deducted from last commission check. I have requested a pro rated refund but my previous broker has yet to acknowledge the request. Am I even entitled to a pro rated refund?

Side note. I have never seen policy docs, coverages, etc.and have payed in good faith. Also, despite fluctuation in broker headcount, the premium share has never changed. Are these red flags?
[{"id": "i5kv48f", "text": "You'll have to review your Broker/Agent agreement to see how this works for the company you left. $5k for E&amp;O insurance yearly would have been a red flag to me. That seems excessive....or the company has had plenty of lawsuits. I pay $1,000/yr for unlimited transactions. Have heard of other commercial brokerages paying up to $1,500/yr but definitely nothing close to $5k.", "replies": [{"id": "i5oxcu6", "text": "Thanks. The brokerage I just joined is 1200/qtr.", "replies": [], "depth": 2}], "depth": 1}]