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PCI Has "Significant Doubts" Concerning NAIC's Agent Disclosure Proposals
National News • January 20, 2005
The Property Casualty Insurers Association of America has issued a bulletin indicating that it has some "significant doubts" concerning the NAIC's proposed inclusion of disclosure duties on ...
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| Subject | Posted By | Posted On |
|---|---|---|
| PCI Criticism Strictly the Carriers' Perspective | Nelson Davis | Jan 20, 2005, 4:32 pm |
| RE: RE: RE: PCI Criticism Strictly the Carriers' Perspective | Ethical | Jan 20, 2005, 4:05 pm |
| RE: RE: RE: PCI Criticism Strictly the Carriers' Perspective | Donald Pachner | Jan 20, 2005, 3:59 pm |
| RE: RE: PCI Criticism Strictly the Carriers' Perspective | Donald Pachner | Jan 20, 2005, 3:33 pm |
| RE: RE: PCI Criticism Strictly the Carriers' Perspective | Bob | Jan 20, 2005, 3:23 pm |
| RE: PCI Criticism Strictly the Carriers' Perspective | Old Grouchy | Jan 20, 2005, 3:13 pm |
| PCI Criticism Strictly the Carriers' Perspective | Donald Pachner | Jan 20, 2005, 1:36 pm |
| Back to article | ||
Subject: RE: RE: RE: PCI Criticism Strictly the Carriers' Perspective
The model act proposed by the NAIC does not specifically require that the compensation arrangement be filed with a government agency, only that it be disclosed to the consumer. By the way, you would often be required to file financial information with an insurer. Disclosure of financial information by a privately held brokerage firm should be reasonable where a potential conflict of interest exists. As a privately held broker, I would have not qualms about complying, and I have disclosed this information to customers where requested or where appropriate in the past.