Wharton Study Finds Agents, Brokers Play Critical Role in Buying Process
National News • June 8, 2005
Profit-based contingent commissions align the interests of independent agents and brokers and the insurer so that correct pricing of policies is achieved, thereby alleviating adverse selection, ...
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Subject: RE: RE: Contingent Commissions
Posted On: June 9, 2005, 4:16 am CDT
Posted By: Milo
Comment:
I agree with you. If the New York AG is so intent on changing a model that has served consumers and business so well for so many years then im sure he would mind if we recomended a fixed income and rate situation for attorneys of say 200 per hour max charges with no legal way to enter into percentage deals with clients? Dont you think that would be fair and oh by the way might even help lower those insurance rates a bit.
And while hes at it he ought to make it illegal for GM and others to pay any incentives to their dealers so on and so fourth. He is attacking the wrong thing. Bet hsi own agent wont sell him policies for less than hes making now.
Subject: RE: RE: Contingent Commissions
And while hes at it he ought to make it illegal for GM and others to pay any incentives to their dealers so on and so fourth. He is attacking the wrong thing. Bet hsi own agent wont sell him policies for less than hes making now.