NU Online News Service, July 1, 11:36 a.m. EDT
WASHINGTON–Independent insurance agents are blasting a decision by the U.S. Agriculture Department to impose a crop insurance contract on the industry that includes restrictive caps on agent commissions.
The caps, termed both a "hard" and a "soft" cap are being imposed through a new "standard reinsurance agreement" that cuts the program's subsidy by $6 billion or 30 percent over 10 years.
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