NAMIC Rips NAIC Broker Disclosure Plan

NU Online News Service, March 25, 3:40 p.m. EST?The National Association of Mutual Insurance Companies said it opposes the National Association of Insurance Commissioners amendment to broker compensation disclosure rules, calling it "confusing and ambiguous."[@@]

The Indianapolis-based carrier association said it had sent a letter noting its misgivings to NAIC President Diane Koken, who also chairs the executive task force on broker activities.

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