In response to the controversy generated by New York Attorney General Eliot Spitzer’s investigations into alleged bid rigging and market manipulation by insurance brokers, the National Association of Insurance Commissioners has drafted a compensation disclosure amendment to its Producer Licensing Model Act. Despite its adoption of the amendment, the NAIC has sent one section back to a task force to be reviewed and possibly reworked. Section B, which would require disclosure by all producers, including independent agents and salaried employees of direct response companies, was criticized by many trade groups and representatives for being too inclusive and casting an overly wide net.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.