Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Brokers may be required to detail the sources of their compensation, according to a March 8 ruling by the Appellate Division of the Supreme Court of New York. In the matter of Sullivan Financial Group Inc. et al v. James J. Wrynn, Superintendent of Insurance, the courts stated that the New York Insurance Dept. was within its rights to issue a rule requiring disclosure of compensation.

Reaction to both the regulation and court decision has been mixed. It seems worthwhile to more closely examine differing viewpoints with respect to the court holding, and how the principles underlying the rule might generally apply to brokers and agents around the country.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



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 © 2022 ALM Global, LLC. All Rights Reserved.