Agents and brokers at more than two dozen insurance agencies in Western and Central New York were fined as much as $5,000 each after accepting gift cards in return for recommending two specific glass shops to their customers. Another agent had his insurance license revoked.
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.