Two Atlanta, Ga.-based insurance companies agreed to pay Virginia regulators $100,000 for insurance license violations, including improperly sharing commissions with unlicensed people and failing to properly appoint agents.
See more: BOI, commissions, GA, investigation, license violations, Omni Indemnity Co, Omni Insurance Co., restitution, SCC
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.

