A New Jersey man surrendered his insurance license in Pennsylvania after regulators in that state found evidence he allowed a company prohibited from selling policies since 2006 to write coverage.
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.