Neal L Sullivan, chairman of the Independent Insurance Agents & Brokers of New York Inc., said he will give testimony tomorrow in opposition to proposals for contingent commission disclosure requirements.

The joint fact-finding hearing is being conducted by the New York State Insurance Department and New York State Office of the Attorney General in Albany, N.Y.

Contingent commissions–sometimes referred to as profit sharing–are received by insurance agents and brokers. The department and attorney general are seeking information about making disclosure requirements mandatory and whether such compensation creates a conflict of interest for agents and brokers.

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