NU Online News Service, may 26, 3:25 p.m. EDT
The New York Insurance Department expressed "disappointment" over the decision by two producer groups to file suit this week to stop implementation of a compensation disclosure law, wondering what brokers might be "trying to hide."
Matthew J. Gaul, deputy superintendent for the department, said he is "disappointed they have elected to take this route," adding that reporting requirements in the proposed regulation are minimal.
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