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The Council of Insurance Agents & Brokers Endorses NAIC's Proposal on Broker Compensation Disclosure, The Council Urges Uniform Standard That is Workable in Commercial Marketplace.
Business Wire
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December 3, 2004
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COPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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NEW ORLEANS -- The Council of Insurance Agents & Brokers (Council) is endorsing the National Association of Insurance Commissioners' (NAIC) proposed regulation calling for the full disclosure and transparency of commercial insurance brokers' compensation arrangements.
The Council represents the nation's largest commercial insurance brokers who annually write more than 80 percent of commercial property/casualty premiums and administer billions of dollars in employee benefit accounts.
Ken Crerar, the president of The Council, issued the following statement on the NAIC's ...
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