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Agents' Game Plan Helped Save Contingent Commissions

National News • January 18, 2006
Independent insurance agents approached the criticisms from New York Attorney General Eliot Spitzer and other officials with a measured game plan that has worked to preserve contingency ...

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Subject: Market Service Agreements...or whatever you call them

Posted On: January 20, 2006, 9:02 am CST
Posted By: Insureman
Comment:
the so-called Market Service Agreements, which violated the NY anti trust statues, are what some people are being prosecuted for, but as a matter of fact similar agreements exist and have been approved by some state insurance departments.... a carrier is incentivising it's customers to send it more business and offers additional commission based on production increases with no regard to the profitability of that business...so it's allowed for some carriers but some people may be going to jail over it??!...as screwed up as the industry is and will remain we should at least have no problem recognizing what is and what isn't legitimate compensation
... but in reality it's as clear as mud.
Subject Posted By Posted On
Contingent commissions are archaic Big Insurance
Jan 23, 2006, 2:52 pm
Contingent Commissions Barry Mohler
Jan 23, 2006, 9:34 am
Market Service Agreements...or whatever you call them Insureman
Jan 20, 2006, 9:02 am
RE: What Spitzer uncovered. Insure This
Jan 19, 2006, 7:32 pm
RE: Contingent Commissions Independant Guy
Jan 19, 2006, 4:22 pm
RE: Contingent Commissions TXGuru
Jan 19, 2006, 2:45 pm
Contingent Commissions Ken breyley
Jan 19, 2006, 1:26 pm
What Spitzer uncovered. Fact checker
Jan 19, 2006, 1:10 pm
RE: Ethical? Mark b Rosen, CPCu
Jan 19, 2006, 12:53 pm
RE: Ethical? Independant Guy
Jan 19, 2006, 12:22 pm
Get real Jeff Radovich
Jan 19, 2006, 12:20 pm
RE: Ethical? TXGuru
Jan 19, 2006, 12:10 pm
Ethical? Eliot
Jan 18, 2006, 1:31 pm
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