A collection of insurance industry trade groups expressed their concerns to New York regulators about potential confusion caused by provisions in the new proposed agent disclosure requirements.
A little over five months after issuing a proposed regulation requiring agents and brokers to disclose any and all commission on insurance policies they write, the New York State Insurance … Read →
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.