Conn. AG Urges Tougher State Action, Offers Own Insurance Reforms in Testimony Before Senate Panel

November 16, 2004

  • November 16, 2004 at 5:11 am
    chip says:
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    I agree with Mr Blumenthal on the main points in his article. Until Massachusetts adopted the NAIC model act, agents represented a carrier(s), brokers represented the insured placing the the risk with the most appropriate carrier, and the only party allowed to charge a fee (in addition to possibly earning a commission) was a Licensed Insurance Advisor.

  • November 16, 2004 at 5:11 am
    chip says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    I agree with Mr Blumenthal on the main points in his article. Until Massachusetts adopted the NAIC model act, agents represented a carrier(s), brokers represented the insured placing the the risk with the most appropriate carrier, and the only party allowed to charge a fee (in addition to possibly earning a commission) was a Licensed Insurance Advisor.



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