New York state officials plan to hold three fact-finding hearings on agent and broker compensation arrangements this month, the state's Department of Insurance said.
The Insurance Department and state attorney general will hold a joint hearing in three cities this month. The first hearing will be on July 14 in Buffalo, moving to Albany on July 23, and concluding July 25 in Manhattan.
Issues to be covered at the hearings include contingent and supplemental commissions, producer compensation disclosure, and deceptive or anti-competitive practices, the department said.
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