Three national insurance agents’ groups are voicing their opposition to proposed agent commission soft caps and profit-sharing proposals as part of the Federal Crop Insurance Program (FCIP).
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.