NU Online News Service, Feb. 8, 10:49 a.m. EST
The Independent Insurance Agents and Brokers of New York (IIABNY) said its negotiations with the New York State Insurance Department have resulted in some revisions to a proposed producer compensation disclosure rule.
The department, for its part, declined to comment on the updated rule or on how any changes to the rule came about. It is due to formally release the new regulation Wednesday, but IIABNY it received an advance copy of the latest version.
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