NU Online News Service, Sept. 11, 10:59 a.m. EDT

NEW YORK–Former New York Insurance Superintendent Eric Dinallo speaking at an industry conference yesterday said he believes producers' acceptance of contingent commissions from insurers is "a clear conflict."

Mr. Dinallo said he does not think regulators will abolish the use of such arrangements, but while the practice may not be illegal, it is one that should be watched closely.

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