I have read with interest NU's numerous articles related to the back and forth between groups which disavow contingent fee arrangements while defending the practice of brokers and agents accepting this form of compensation.
A Professional Insurance Agents of New York (PIANY) representative said she believes state regulators will make some producer compensation guidance language changes after
A New York agent association said it will continue to provide input to the state insurance department despite being excluded from groups that received a circular letter draft on the state's planned producer compensation regulation.
The New York State Insurance Department (NYSID) has distributed an advance copy of a draft circular letter on its planned producer compensation disclosure rule to agent groups but excluded
A controversial New York producer compensation disclosure regulation complies with the law and is necessary to inform consumers about possible conflicts of interest, the state's attorney general and leading candidate for governor argued in a court filing.
A proposed New York producer compensation regulation complies with the law and is necessary to inform consumers about possible conflicts of interest, the state's attorney general said in a court filing.
New York agent associations are taking steps to inform their members about the state Insurance Department's new regulation on producer compensation disclosure, developing online programs and overviews in anticipation of the new rule.
Reader response to my June 14/21 column about the latest brouhaha over disclosure of producer compensation ("Don't Ask, Don't Tell?") was fast and furious.
The debate over disclosure of broker compensation took an ugly turn with a lawsuit filed in New York last month, although the most important verdict might not come in the court house but in the court of public opinion.