NU Online News Service, Sept. 15, 2:17 p.m. EDT
The chief executive of an independent agents group said his organization finds New York State's proposed producer compensation disclosure regulation unacceptable and without changes legal action is a possibility.
Richard A. Poppa, president and chief executive officer of the Independent Insurance Agents & Brokers of New York, said that after a conference call with association executives and officers yesterday it was determined that, "in its current form, without additional changes, we cannot support [the regulations]."
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