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Two New York independent agent associations said they will appeal a lower court's ruling that allowed the State Insurance Department's new commission disclosure regulation to take effect Jan. 1.

New York State's two major producer groups said they have received approval from the State Department of Insurance for their model forms that member agents and brokers can use to comply with New York's new disclosure requirements.

After five years of being subject to what some publicly argued was an unlevel playing field, state attorneys general relented, agreeing to lift the ban and allowing the three major insurance brokerage firms.

Producer compensation remains at the top of the legislative agenda for two major New York independent insurance agent associations in 2011.

The New York State Supreme Court in Albany County has rejected the arguments of two agent associations that the state insurance department's planned producer compensation disclosure regulation is arbitrary and unnecessary.

The New York State Insurance Department has released its circular letter providing guidance for its upcoming producer compensation disclosure regulation, but agent groups said questions still need to be worked out before the Jan. 1 implementation.

Homeowners insurance controversies have made headlines in Florida, Mississippi and New York of late, as insurers and regulators struggle to maintain a viable catastrophe coverage market, and in some cases butt heads over rates and exposure.

The Independent IIABNY said it will hold a series of information sessions for insurance producers to help prepare them for the state's disclosure regulation, scheduled to take effect Jan. 1.