NU Online News Service, Feb. 11, 3:56 p.m. EST
The Risk and Insurance Management Society, Inc. said New York State's final compensation disclosure regulation for agents and brokers is not stringent enough and called on officials to gather more information.
RIMS move follows an Independent Insurance Agents & Brokers of New York announcement yesterday that it is going to court against the rule because it is too difficult for its members. RIMS asked the Department of Insurance to reopen its public comment period on the regulation for an additional 30 days.
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