Bill To Protect Agents' Ownership Signed In N.J.
NU Online News Service, Aug. 21, 4:26 p.m.EDT?An insurance agents group is hailing enactment of anew law in New Jersey designed to protect agents' ownership andcommission rights when policies are transferred from one company toanother.
John D'Agostino, president of the Professional Insurance Agentsof New Jersey, said the law, Chapter 153, P.L.2003 (A-3319/S-2385),which passed the state legislature last June and was signed by Gov.James McGreevey last week, will protect "the livelihood ofthousands of independent agents, the small business ownersthroughout the state," by safeguarding information obtained andused to provide their clients with professional service.
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