Search
 

Agents Seek to Exclude Commissions From MLR Requirements

A coalition of insurance agent groups is asking the National Association of Insurance Commissioners (NAIC) to exclude commissions from a new medical loss ratio (MLR) requirement in the healthcare law.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NU Online News Service, WASHINGTON–A coalition of insurance agent groups is asking the National Association of Insurance Commissioners (NAIC) to exclude commissions from a new medical loss ratio (MLR) requirement in the health care law.

The coalition suggested in a letter to the NAIC that, in writing final instructions on the MLR, agent and broker commissions should not be included in the 20 percent administrative spending requirements for carriers, since 100 percent of the commissions are transferred to independent third parties.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.