arizona insurance commissioner
Broker/agent compensation november 15, 2004 insurance intermediaries, their valuable role in the market and how they are All 50 States Insurance compensated is the subject of a new background paper by the insurance information institute (i,i,i,), titled "background on insurance intermediaries", the paper explains clearly and simply who brokers and agents.
Are, how they are compensated for the services they provide, the nature of their All 50 States Insurance role in the market and the ways in which insurance buyers benefit from their function, arizona insurance commissioner the paper is accompanied by an All 50 States Insurance update on the actions.
Taken against certain firms by new york attorney general eliot spitzer, as a result of the attorney general's investigations, several leading insurance brokers and a few insurers have All 50 States Insurance announced that they will not be making contingent commission payments going forward, others are examining their compensation structures, and have yet to determine whether they will seek.
To retain incentives tied to the overall financial success of their broker relationship.
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