The executive director of the Maryland Automobile Insurance Fund said there is “a misunderstanding” among the sponsors of a state Senate bill that would restrict the use of funds by the state’s auto insurer of last resort.
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.