PIA: Federal Proposal Will Be Trojan Horse for Optional Federal Charter

March 7, 2006

  • March 7, 2006 at 10:05 am
    company man says:
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    Every time these Washington, DC people working for the PIA and Big I open up their mouths, the insurance world gets one step closer to every company wanting to write direct. The sales people better get on the boat with their companies before its too late.

  • March 8, 2006 at 10:53 am
    pdd says:
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    re:ecii. according to you we should just give up and let big brother take over. Your rationale sounds like ‘when faced with the inevitable rape, relax and enjoy it’. Look what the federal takeover of drug prescriptions has done. We must prevent another ‘big brother’ takeover of private initative. In Calif we have the most pathetic ins. comm. one could elect but at least we can fight him on a more even basis. If we have a fight with a federal beaurocrat it is lost before it begins. 50 insurance commissioners we can fight individually, one federal commissioner with the weight of ‘big brother’ behind him and we might as well give up and go play golf because we will be powerless to make a living. We will just have to wait for ‘big brother’ to send us what money He feels we should have.

  • March 8, 2006 at 6:44 am
    eciii says:
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    Is the PIA still operating in the 1940\’s?

    In this day and age when companies are selling insurance over the internet and increasingly developing other direct marketing channels, we need to eliminate the costly and often conflicting state regulatory morass. One set of rules would make the market much more efficient and reduce premium costs for consumers.

    Sorry ladies and gentlemen, but the days of Tuesday Rotary Club lunches and Friday afternoon tee times are over. It\’s time for agents to learn how to compete in a marketplace that is greater than the city limits.

    Preferring 50 regulators to 1 is a ridiculous position for a trade organization.

  • March 23, 2006 at 10:39 am
    CBE says:
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    South Carolina has an excellent Insurance Commission,
    one which is quick to protect the citizens of the State,
    and its agents. Laws leading to federal regulation and
    eventual takeover of the insurance industry may actually
    prove harmful to the consumers in South Carolina.
    Opposition to such laws, is a struggle for agent
    SURVIVAL,,, and is NOT \”agents killing themselves\”.
    Many big companies and big banking interests wish to
    see personal agent service (for as long as a policy remains
    on the books), service which is motivated in part by a
    desire for a better livelihood on the part of the agents; The
    big banking interests wish to see that service replaced with
    impersonal, beareaucratic clerks who will probably
    never see or talk to the policyholder again.
    In the same vein of local agents being led to believe
    they were going to become big mortgage lenders, in order
    to gain their support of the Banking Modernization Act;
    agents should carefully consider the supposed \”benefits\”
    of further intrusive federal regulation, to themselves
    and to their clients!

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