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Conn. Agents Told to Brace for Bill to Ban Contingent Pay

East News • November 17, 2006
Connecticut Insurance Commissioner Susan Cogswell has warned independent agents in her state that they should expect to see legislation to restrict or wipe out their contingent commissions. She ...

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Subject: USA free market competition

Posted On: November 17, 2006, 2:39 pm CST
Posted By: Hawk
Comment:
The problem originated from the fact that large Brokers were representing their clients as brokers. Their clients engaged them to purchase coverage and paid them to do so. However, without the knowledge of the client, the Broker received contingent commissions from the insurance companies for placing the business with them. What sense does it make to ban contingent commissions for agents, who represent their insurance companies as agents, and are paid by their insurance companies and not paid by the consumer. Legally an agent represents his insurance company, he is not representing the client.
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To Southern Agent with no common sense Southern Agent #1
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Tony is a right wing nutball with no formal education Southern Agent (smart one)
Nov 18, 2006, 9:24 pm
RE: RE: RE: Demos Against Capitalism tony
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RE: RE: VFC Hawk
Nov 17, 2006, 3:36 pm
RE: VFC VFC
Nov 17, 2006, 3:29 pm
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Nov 17, 2006, 3:17 pm
RE: USA free market competition VFC
Nov 17, 2006, 3:02 pm
RE: RE: Demos Against Capitalism Southern Agent #1
Nov 17, 2006, 3:00 pm
RE: Demos Against Capitalism Southern Agent
Nov 17, 2006, 2:51 pm
USA free market competition Hawk
Nov 17, 2006, 2:39 pm
RE: Contingency elmination vfc
Nov 17, 2006, 2:33 pm
Demos Against Capitalism Southern Agent
Nov 17, 2006, 2:15 pm
RE: Contingency elmination MArk
Nov 17, 2006, 1:52 pm
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Nov 17, 2006, 1:43 pm
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Conn. Agents Told to.......... Agent
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