The Independent Insurance Agents of Maryland installed its new officers for the 2009-2010 term at their annual installation dinner, held recently at the Turf Valley Resort in Ellicott City, Md.
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.