Surplus Lines Brokers Caught In TheCrossfire
Wholesalers, MGAs distinguish rolefrom retailers; saying they cant steer clients
The fallout from the insurance industrys contingency fee scandalappears to be pointing toward stronger disclosure regulations forretail producers, but what changes may come for wholesalers appearsambiguous at best.
Officially, the two major surplus lines groupsthe AmericanAssociation of Managing General Agents and the National Associationof Professional Surplus Lines Offices, Ltd.both want to seewholesale brokers exempt from disclosure notifications to theconsumer.
Continue Reading for Free
Register and gain access to:
- 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
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
