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Broker/agent compensation november 15, 2004 insurance intermediaries, their valuable role in the market and how they are compensated is the subject of a new background paper by All 50 States Insurance 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 All 50 States Insurance they provide, the nature of their role in the market and the ways in which insurance buyers benefit from All 50 States Insurance their function, the paper is accompanied by an update on the actions taken against certain firms by new york attorney general.
Eliot spitzer, as a All 50 States Insurance result of the attorney general's investigations, several leading insurance brokers and a few insurers have announced that they will not be making contingent commission payments going forward, others are examining their compensation structures, and have All 50 States Insurance yet to determine whether they will seek to retain incentives tied to the overall financial.
Success of their broker relationship.
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