NU Online News Service, May 17, 3:02 p.m. EDT
The Independent Insurance Agents & Brokers of New York has suggested additional language to the state Department of Insurance regarding disclosure regulation, as it gears up for a court challenge.
The DeWitt, N.Y.-based association said the new language would help producers comply with the new regulation on producer compensation transparency. The proposal, submitted on Thursday, was made at the encouragement of the department, IIABNY said in a statement.
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