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Conn. AG Urges Tougher State Action, Offers Own Insurance Reforms in Testimony Before Senate Panel

National News • November 16, 2004
Despite charging that too many state insurance regulators have become "industry captives," Connecticut Attorney General Richard Blumenthal is rejecting calls for federal intervention in the ...

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Subject: Distinctions

Posted On: November 16, 2004, 5:11 pm CST
Posted By: chip
Comment:
I agree with Mr Blumenthal on the main points in his article. Until Massachusetts adopted the NAIC model act, agents represented a carrier(s), brokers represented the insured placing the the risk with the most appropriate carrier, and the only party allowed to charge a fee (in addition to possibly earning a commission) was a Licensed Insurance Advisor.
Subject Posted By Posted On
Distinctions chip
Nov 16, 2004, 5:11 pm
Distinctions chip
Nov 16, 2004, 5:11 pm
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