PIA West To Hold Disclosure Seminars
NU Online News Service, 2 :37 p.m. EST?The Professional Insurance Agents Western Alliance said it will hold a series of seminars for independent insurance agents about their responsibilities under new disclosure regulations.[@@]
PIA Western Alliance Executive Vice President Clark Sitzes said his organization, which represents agents in nine states?Alaska, Arizona, California, Idaho, Montana, Nevada, New Mexico, Oregon and Washington?has received numerous calls on the subject.
The seminar is aimed at answering those questions on how the National Association of Insurance Commissioner's Broker Disclosure Amendment and the investigation into contingency fees by New York Attorney General Eliot Spitzer will impact them and the potential they have to affect the value of their agencies.
Two different seminars will be offered. The first will be on how the regulatory changes and investigations impact agency owners or someone wanting to own an agency in the future. PIA Western said the focus will be on agency perpetuation with a few hours devoted to the Spitzer and NAIC issues.
The second seminar will invite a state insurance commissioner to a question-and-answer session explaining how they interpret these critical issues.
The seminars will be held at the following times and places:
? Feb. 7, 1 p.m. to 5 p.m. Doubletree Hotel South Center Location, Seattle, Wash. Mike Kreidler, Washington State Insurance Commissioner, attending.
? Feb. 17, 9 a.m. to noon. Red Lion Hotel Salem, 3301 Market St. N.E., Salem, Oregon. Joel Ario, Oregon Insurance Administrator, member of the NAIC Executive Task Force on Broker Compensation, attending.
? Feb. 22, 8 a.m. to 5 p.m. San Francisco Hyatt Regency Airport Location. Spitzer, Valuation, Perpetuation and Succession Seminar. Legal and financial experts Gary Jacobson and Larry Morrison attending.
? March 7, 8 a.m. to 5 p.m. National Los Angeles Crowne Plaza LAX. Patricia Borowski, senior vice president, government and regulator affairs, National Association of Professional Insurance Agents, attending.
For additional information to attend the seminars call (888) 246-4466.
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