RIMS NEWS


RIMS Expresses Disappointment in Response to Revised New York State Producer Compensation Regulation 7/9/2009

 

The Risk and Insurance Management Society (RIMS) has expressed serious concerns about the New York State Insurance Department’s most recent proposed producer compensation regulation, which was issued yesterday. RIMS views the revisions to the original proposed regulation as a significant retreat from the regulation’s premise of protecting the rights of insurance consumers.