The Pennsylvania Insurance Department’s plan to move agent and broker license renewals to the applicant’s birth month is scheduled to begin with January 2010 renewals, according to the department.
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.