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Risk Managers Wrong to Oppose Contingent Pay, Charge PIA Agents

National News • June 13, 2007
The National Association of Professional Insurance Agents has criticized a statement issued by the Risk and Insurance Management Society (RIMS), saying the group's position on incentive ...

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Subject: RIMS/PIA Compesnation

Posted On: June 14, 2007, 11:46 am CDT
Posted By: Pat
Comment:
Every insurance customer today - as before - has the right to require their insurance producer disclosure compensation - if the answers would make a difference to that buyer. Insurance producers can decide not to conduct business with you or if they do - to answer your questions as completely as they are able.

Many sectors and members of RIMS use contingency compensation systems that are not required to be specifically disclosed to their customers so long as it is all included in the final price. Is RIMS advocating this prohibition for all forms of commercial transactions and year-end bonus programs?

Individuals' misdeeds are what started this – not a lack of disclosure.
Subject Posted By Posted On
contingent commission or service fees? dan
Jul 3, 2007, 4:52 pm
Free market system???? Former Insurance Broker
Jun 25, 2007, 6:41 am
Conflict of interest Beaumont
Jun 18, 2007, 5:30 pm
RE: RE: RE: RE: RE: Rims / PIA Compensation Jim Howse
Jun 16, 2007, 7:54 am
RE: RE: RE: RE: Rims / PIA Compensation Danny
Jun 14, 2007, 4:34 pm
RIMS/PIA Compesnation Pat
Jun 14, 2007, 11:46 am
RE: RE: RE: RE: Rims / PIA Compensation TC
Jun 14, 2007, 9:29 am
RE: RE: RE: Rims / PIA Compensation Jerry
Jun 14, 2007, 8:29 am
PIA Clark
Jun 13, 2007, 4:51 pm
RE: RE: Rims / PIA Compensation Bill
Jun 13, 2007, 3:58 pm
RE: Rims / PIA Compensation Tim
Jun 13, 2007, 2:21 pm
Rims / PIA Compensation Been Around
Jun 13, 2007, 2:09 pm
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