The Council of Insurance Agents & Brokers said its six-year legal battle to eliminate countersignature statutes is finally over with the state of Nevada declining to file an appeal with the U.S. Supreme Court.
Countersignature laws awarded resident agents a percentage of the commission for business placed by out-of-state brokers even though there was no work involved, just their signature on a form.
The Washington, D.C.-based association said Nevada's Department of Insurance indicated that it has no intention to file an appeal.
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