Virginia has joined Idaho as the second state in the nation to pass a law rejecting the federal government from requiring individuals to secure private health insurance.
The 2010 Insurance Day on the Hill will be held in Richmond Feb. 10 and 11. The annual event is a joint legislative program hosted by the Independent Insurance Agents of Virginia, the Virginia Council of the National Association of Insurance Women, the Virginia Association of Insurance and Financial Advisors (NAIFA-Virginia) and the Greater Richmond CPCU Society.
Virginia Lt. Gov. Bill Bolling is scheduled to address the Virginia Peninsula chapter of the National Association of Insurance and Financial Advisors Sept. 10.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.