Posted On: January 24, 2005, 8:26 am CST

Posted By: Glenn Hatfield

The response of regulators is over-blown and ridiculous and exactly what I would expect from a govt organization trying to work with such an efficent & entrepenurial group such as insurance agents. The overwhelming majority of us work our "asses" off for our customers and these new regulations will only hurt the insurnace buying public they allegedly are trying to help.

Clearly the vast majority of agents have literally no opportunity to do the illegal and unscrupulous acts Marsh took part in on a regular basis.

My thought is; if we need to identify every penny of compensation an insurance agent makes, explain every technical aspect of insurance law to each BOP client we have (which they will not understand or care about) then I want to know specifically:

How much:

- the dealership made on my car
- the furniture store made on my living room set.
- the gas station makes on a gallon of gas I buy.
-the supermarket makes (by item) on the things I buy there.
- How much the dept stores make on the individual items they sell me.
- how much of my SS and other govt taxes are going to the specific items they said they would go to and when that budget item changes then I want the tax or fee to end and they can tell me the next thing it will go to prior to taxing us.

I WANT TO KNOW how much everyone in the world makes in salary and if someone may get a bonus for doing business with me. I definitely want to know that information up front so I know if I want to buy a good or service formt his person and allow them potential for a bonus.

The new reg's really SOUND LIKE A VERY EFFICENT SYSTEM THAT WILL MAKE US ALL BETTER IN THE END.

THIS IS AMONG THE DUMBEST SITUATIONS I HAVE EVER SEEN ....LETS GET REAL AND ADDRESS THE REAL ISSUES AND THE REAL PEOPLE WHO ARE VIOLATING THE TRUST OF THEIR CLIENTS ON A REGULAR BASIS!!!

GH