Rules for disclosure of compensation arrangements involving surplus lines brokers are ill-defined, according to an industry trade group representative.
That description of the regulatory situation was provided by Steve Stephan, director of government relations for the National Association of Professional Surplus Lines Offices, Ltd. during a webinar last week sponsored by FC&S Online.
Mr. Stephan also said proposed court action over the new disclosure rule in New York could set the course for other states.
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