Selling insurance products across state lines, seen by many as an efficient way to improve health care across the nation, hit a roadblock in Virginia this legislative session as four bills approving such a measure failed to gain approval.
See more: Barack Obama, Bob Bradshaw Jr., Bob McDonnell, Gerald Milsky, health reform, IIAV, interstate compacts, KS, legislation, Macaulay & Burtch, NAIC, NAIFA-Virginia, Republicans, Sandy Praeger, SCC, state-based regulationWhen the Virginia General Assembly reconvenes in Richmond Jan. 13, it could consider forcing agents to pay restitution to victims whose funds they misappropriated, as well as a number of other insurance bills.
See more: Bob Bradshaw Jr., BOI, budget, continuing education, general contractors, Gerald Milsky, Gramm-Leach Biley Act, IIAV, Ken Schrad, legislation, licensing, Macaulay & Burtch, mandate light, NAIC, NAIFA-VA, SCC, subcontractors, Va. General Assembly, variable annuity, victim restitution, Virginia Insurance CE Board, Watkins M. Abbitt Jr
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.

