Surplus Lines Brokers Caught In The Crossfire
Wholesalers, MGAs distinguish role from retailers; saying they cant steer clients
The fallout from the insurance industrys contingency fee scandal appears to be pointing toward stronger disclosure regulations for retail producers, but what changes may come for wholesalers appears ambiguous at best.
Officially, the two major surplus lines groupsthe American Association of Managing General Agents and the National Association of Professional Surplus Lines Offices, Ltd.both want to see wholesale brokers exempt from disclosure notifications to the consumer.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.