Washington–A key regulator and insurance industry leaders agreed at a session here that further rules changes for agent and broker compensation, including an end to contingency commissions, appear unlikely.
In remarks echoed by insurance representatives, North Dakota Insurance Commissioner Jim Poolman said Sunday he did not believe the movement to extend changes in producer compensation rules "has shelf life," adding later that "the issue will fade away."
William Anderson, vice president and associate general counsel of the National Association of Insurance and Financial Advisers, made the same assessment.
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