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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: Contingent Commissions

Posted On: January 23, 2006, 9:34 am CST
Posted By: Barry Mohler
Comment:
Spitzer's investigation involved Brokers who represented the client, were paid a fee by that client, and then received a contingent commission from the insurance company for placing the business with them. In my opinion this conduct is unethical and possibly illegal. However, the issue of contingent commissions paid to agents who represent the insurance company, and are paid a base commission by the insurance company, is a whole different matter that is justified, ethical and legal.
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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